Like most business owners in the Hollywood, Florida, area, you work hard to grow your business. Even though you may have a hot product or in-demand service, you cannot predict the weather or other calamities. A sudden storm, fire or flood may render your company unable to meet customer demands. Even worse, an emergency could destroy your business forever. 

With business interruption insurance, you receive compensation for lost income during a business shutdown. Naturally, this type of coverage ensures you have the ability to continue business after you rebuild. There are, however, some lesser-known reasons for having business interruption coverage. Here are three of them: 

1. You keep top talent 

As you probably know, rebuilding a company after a catastrophe can take weeks, months or longer. During this time, your top employees may become restless. With business interruption insurance, you have a way to ensure continuity until you rebuild your facility. 

2. You comply with contractual obligations 

Signing long-term fulfillment contracts is a good way to build your company. Following a fire, flood or other disasters, though, your company may not be able to meet its contractual obligations. By carrying business interruption insurance, you have a backup plan. 

3. You protect your personal assets 

Many reasons exist for you to keep your business and personal wealth separate. If you do not have business interruption coverage, you may have to tap into your personal assets to keep your business afloat. Unfortunately, you simply may not have enough personal assets to continue business operations until your company rebuilds. Business interruption insurance is often an effective way to safeguard your personal wealth after a business emergency. 

You do not want your company to lose money during or after an emergency. Business interruption insurance does not just cover lost income, though. With the right policy, you increase your chances of business growth after a disaster.

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