When you are running a business, you have a lot of worries on your mind. It may seem like every day and every year there are new challenges that seem bigger than the last. That is what Georgia commercial insurance is for, to help you feel more secure against the risks and challenges that impact your business every year.
At Birdsong Agency Inc., we want Snellville, GA business owners to be protected against every risk. Business interruption is a serious concern that every business owner worries about every day.
Contingent business interruption insurance is a unique kind of commercial insurance that can cover you in the event of a unique business situation.
Business Interruption Insurance
Standard business interruption insurance covers you in the event of an interruption to your business for specific reasons. When your business is interrupted by any of them, you can make a claim with your insurance company and recover revenue and other expenses.
This insurance can be used in the event of damage to your property that interrupts your business, property damage that prevents customers and employees from coming to your business, or a government closure.
Contingent business interruption insurance functions a little differently.
Contingent Business Interruption Insurance
Business interruption insurance helps with your risk management, but contingent business interruption insurance takes that one step further. In this case, you would have business interruption insurance that can be transferred to a third party.
If, for example, a vendor experiences problems or their own business interruption, you can make a claim on contingent business interruption insurance. Contingent business interruption insurance helps you to recover damages caused by a third party, and not by an event such as a hurricane or government shut down of your own premises.
Get a Quote
Do you know if you have contingent business interruption insurance? At Birdsong Agency Inc., we can help Snellville, GA business owners and operators ensure their commercial insurance is thorough. Call us for a quote today.