Business Interruption Insurance
California Business Interruption Insurance
Continuity is critical in business, and there are few things more important than continuous revenue and cash flow, particularly for small to medium-sized organizations. In fact, just one brief business interruption can be incredibly costly for an organization, often leading to serious reputational damages or long-term closures. That’s where business interruption insurance can help. This form of coverage provides protection against a variety of common interruptions, including natural disasters, equipment damage and vandalism.
The insurance specialists at Paragon Insurance Services can help you build a comprehensive business insurance program.
What is Included in a Business Interruption Insurance Policy?
The following are the major benefits of business interruption insurance:
- Revenue: In the event of a disruption, business interruption insurance provides coverage for income your business would have earned during a closure period if it had been operating normally.
- Rent or lease payments: Even if your premises are unusable following a disaster or other event, many leases still require that you make payments. Business interruption insurance allows you to continue making rent or lease payments, even while your business is not operating.
- Relocation: In the even that your primary location is unusable following a disaster or other event, you will likely have to relocate in order to remain open and continue generating revenue. Business interruption insurance can cover the expenses of moving your business to a temporary location and may include both moving and rent expenses.
- Employee wages: If you are unable to operate, it is likely you will not be able to continue paying employees. Business interruption insurance can help you avoid losing staff while you’re closed by ensuring that you make payroll. This is especially important, as finding new employees is often more expensive than keeping them.
- Loan payments: If you have an outstanding loan, you will need to continue to make payments even if your business isn’t fully operational. Business interruption insurance will ensure you never miss a payment until you are fully operational again.
Ready to Get Your Quote?
With a few quick questions, we can get your quote started! Click the button below or give us a call at 916-353-1023!
Keep Your Business Protected! Get Your Quote Today!
Business owners have a lot to consider when choosing insurance that fully protects their business. At Paragon Insurance Services we offer complete insurance packages for many different business types. We have years of experience and products to provide you exceptional service and value to our customers. As a business owner, you take calculated risks everyday in order keep your business thriving. But what about the risks you haven’t considered?
We have many commercial insurance policies to choose from:
Learn About the Paragon Insurance Services Client Philosophy!
Safety and Compliance
- Employee Manual
- Base Safety Programs
- Human Resources
- Employee Training
Insurance & Risk Management
- Basic Policies - Liability
- Basic Policies - Employee Benefits
- Employee Benefits
- Contractual Transfers
Annual Policy Reviews – What are We Talking About?
Every year at about a couple months before your policy renews with Paragon, we will reach out to you to review your policies prior to their renewal so that we can ensure that you are STILL with the Right Insurance Company, with the Right Coverage, and paying the Right Price.
If you decide you’d like to be quoted with other Insurance Companies you can quickly schedule a time for an in-depth market review where our team will re-quote your policies and provide you with the options so you can make the best decision possible.
California Full Service Insurance Agency
Paragon Insurance Services is able to provide its clients with the latest and greatest of what the insurance industry has to offer and much, much more. The Paragon team has developed an “insurance cost reduction” quoting plan, that provides you with the best coverage at the best rate!
Our office is located in Folsom, CA and services the Sacramento Valley, California’s Central Valley, Northern California and beyond to provide a local feel to the solutions and services we provide our clients. We pride ourselves on exceeding our client’s expectations in every interaction to make sure that our client’s know how much we value and appreciate their business.
Contact us today 1-916-353-1023 for your comprehensive business interruption insurance quote!