When a hurricane or earthquake puts your business out of
commission for days-or months-your property insurance has got it
covered. But while property insurance pays for the cost of repairs
or rebuilding, who pays for all the income you're losing while
your business is unable to function? For that, you'll need
business interruption coverage. Many entrepreneurs neglect to
consider this important type of coverage, which can provide enough
to meet your overhead and other expenses during the time your
business is out of commission. Premiums for these policies are
based on your company's income.
Excerpted from Start Your Own Business: The Only Start-Up
Book You'll Ever Need, by Rieva Lesonsky and the Staff of
Entrepreneur Magazine, © 1998 Entrepreneur Press