Davie, FL is one of the best places to live in Florida, which is saying a lot. But even in such a great place, the unexpected can happen. Sometimes there are circumstances beyond your control that cause your small business to close. While your business is closed, you don’t have the income you need to pay for the operating expenses you still need to pay for.

At Zot Insurance Agency, we try to help our clients prepare for the unexpected. Business interruption insurance is one of the best ways to do that. 

What is Business Interruption Insurance? 

Business interruption insurance is a special kind of policy that protects the insured during times a business is closed for restoration or repairs because of damage to the property. When your business is closed, even it the circumstances are completely beyond your control, you still have to keep paying your bills.

Operating expenses like your rent and mortgage still come due every month, and you still have to make monthly loan and utility payments. Normally you can expect to be taking in money to offset all your costs and expenses, but you won’t be able to while your business is shut down.

What Does Business Interruption Insurance Actually Cover?

The amount of lost income depends on your financial records, which you will provide when purchasing the policy. You need to be able to prove how much income you could have expected during the closure.

Your business interruption policy could also cover additional expenses related to the closure, such as a new temporary location for the business and related signs. You can tailor your Davie, FL business interruption policy to the specific needs of your business and add it to your regular commercial insurance. If you want to see how business interruption insurance can help your small business, please feel free to call Zot Insurance Agency today.