Provides financial relief to business owners who must temporarily close due to a covered property loss.
After experiencing a fire, a break-in, or a severe weather event, it can take weeks for a business to repair or replace the resulting property damage. Without Business Income and Extra Expense Insurance, a business owner may not have sufficient monetary reserves to cover these losses and expenses to get their business up and running again.
If business operations temporarily slow down or completely stop after a property is damaged, Loss of Business Income and Extra Expense Insurance typically helps cover lost income and additional expenses.
If a weather-related disaster strikes a community, public authorities will often evacuate the area. This usually means all businesses must shut down. Business Income and Extra Expense Insurance typically extends coverage to business owners whose operations are interrupted by civil or military authorities and reimburses them for net profit losses and necessary extra expenses.
To learn more about the benefits of having Business Income and Extra Expense Insurance, please contact one of the highly qualified independent insurance agents in our network.
“The Andover Companies service team is professional, personable, and extremely helpful. We’ve had our homeowners insurance with The Andover Companies for over six years and are happy to have recently added our secondary home with them in another New England state. I highly recommend insuring with them.”
“I feel comfortable having my insurance with The Andover Companies. I know that if something terrible happens, they will be there to support my family and guide us through the process. Insurance can be confusing, especially when you have multiple policies, but they have simplified the details so we can understand everything easily!”
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Leave it up to your agent to uncover the best coverage solutions for your valuable property.