disasters, vandalism, fire, and many other factors could impact your business
unexpectedly. How long could you survive a full or partial shutdown? Days? Weeks?
At Cumbre Insurance, we understand that losing access to your business hurts the bottom line, so we provide a range of business interruption insurance options. By evaluating your specific risk factors and drawing upon the global Acrisure (https://acrisure.com/) Agency Partner network, we can develop coverage to keep your business afloat if disaster strikes.
Business interruption insurance replaces the loss of income due to suspended operation as a result of prescribed events and factors. Unlike property insurance which covers physical damage and associated costs, this coverage is intended to recoup lost revenue.
Consider Your Risks
interruptions affect each business differently depending on the nature of the
business, its location, current economic conditions, and several other factors.
If your business could be affected by one or more of these tell-tale risks, we
advise you to consider business interruption coverage.
Location – The possibility of natural disasters, high rates of crime, aging
municipal infrastructure, and political instability could all halt your
business. Whether a result of nature or human interference, if the location of
your business is unstable, so is your ability to stay open.
Interdependency – While being a part of an interconnected network of businesses
or supply chains can increase your company’s productivity, the same dependency
can create cascading problems when issues arise. If you rely on an outside
source for parts, labor, or services you need to prepare for possible
Equipment – When vital pieces of machinery are damaged, wait times for repair
or replacement may freeze your productivity. Beyond insurance policies written
to repair and replace such assets with physical insurance, business
interruption coverage can be used to offset lost production earnings.
State – Bills don’t stop just because business is on hold. Depending on your business’
success and age, business interruption coverage can mean the difference between
bouncing back and throwing in the towel.
Audit Your Policy
on the length and severity of a shut down, business interruptions can eat away
at a company’s bottom line. Would your business be able to weather the storm?
reviewing your current policies and unique risk factors is the best way to
determine if you have adequate business interruption insurance, but you don’t
have to go it alone.
Combining data and historical factors, our team can audit your current policy. By assessing your risk level, valuations and coverage needs, we get to know your company inside and out to develop holistic solutions.
Here to Help
Consider Cumbre Insurance your partner in all things insurance. For concerns about business interruption insurance and more, we are eager to assist you. Contact us for a personalized risk assessment today.
Cumbre Insurance is a proud agency partner of Acrisure, a top 10 global insurance broker. Our relationship with Acrisure allows us to provide our clients access to policies, resources, and expertise often outside the reach of stand-alone agencies. Along with competitive pricing, our service is backed by dedicated, local customer service.