According to FEMA and the Small Business Administration, 40% of businesses do not reopen after a catastrophe or other disaster, and another 25% fail within a year.
What can businsses do to help their chances of surviving an incident?
The answer is business interruption coverage. Also known as business income insurance, business interruption insurance compensates policyholders for lost income if their company has to vacate its premises due to disaster-related damage that is covered under a property insurance policy, such as natural catastrophes, supply chain disruptions or cyber risks.
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