So much more goes into business insurance than getting the lowest business insurance quotes. It means understanding your business’s unique needs and the potential risks that can threaten its success, the video explains. For example, 25 percent of all businesses do not reopen after a disaster, the I.I.I. noted. Fortunately, business income insurance covers the revenue you would have earned, based on your financial records, had the disaster not occurred.
“Too many small business owners fail to think about how they would manage if a fire or other disaster damaged their business premises so that they were temporarily unusable,” said Worters. “A business that has to close down completely while the premises are being repaired may lose out to competitors.”

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