The Benefits of a Business Interruption Add-On for Your Commercial Insurance Policy

When you are purchasing a commercial insurance policy, there are many add-on, or supplemental coverages, that you can decide to buy. Each add-on clause helps to cover a portion of your business that is otherwise not covered by a traditional commercial insurance policy. At Monterey Insurance Group, Inc., serving the greater Huntingtown, MD area, we recommend that our customers buy a business interruption add-on. Here are a few of the reasons why:

Pays Your Rent or Mortgage

If your business is unable to open and operate, you may not have the income you need to pay rent on the building or your mortgage. You may be unable to open due to fire, flooding in the area, or a hurricane that hit town. Business interruption insurance helps to pay your rent or mortgage when you are unable to open your business due to events covered under your commercial insurance policy. 

Supplements Your Income

When you are unable to open your doors, you may also be losing out on your income. If your business cannot open, you are not making money. Business interruption policies help to supplement your income during the time that you are unable to open. 

Covers Spoiled Goods

Lastly, business interruption policies help to pay for and cover goods that may have spoiled or gone bad because you could not sell them quickly because you couldn’t open your business. 

The right commercial insurance policy can help to protect your business against unforeseen circumstances. If you are looking to purchase a new commercial insurance policy, or make changes to an existing one in the greater Huntingtown, MD area, Monterey Insurance Group, Inc. would love to help you. Contact us now to get started.