Do you own a business in Cincinnati, OH? Have you experienced time periods where your business was inoperable and you were not able to pay your employees? If so, you are in need of business interruption coverage that is available with commercial insurance. Below is an overview of this coverage and how it can benefit your business. 

What is business interruption coverage? 

This type of coverage refers to your business being closed for reasons out of your control, which impacts the salary of your employees. With this coverage, you are able to still pay them their regular check and maintain your employees. This coverage is available for only certain types of situations. 

It covers the following:

• Employee wages
• Taxes
• Rent
• Loan payments

This coverage helps your business stay afloat while you are not able to work so that you can jump right back into business upon reopening. 

When can I use this coverage?

Natural disasters that include uncontrollable weather are one of the most common reasons for businesses to utilize this coverage option. This includes winter weather that has removed power from the business or damaged the business to the point of repairs. Accidental fires that were not caused by the business are also situations that would call for this coverage.

However, all of these incidents must be covered initially with commercial property insurance first, as this policy is only supplemental and aids the initial policy. 

Get your coverage today.

At Advantage Insurance Network, we want to see all of our local businesses thrive even in situations out of their control. If you own a business in or around Cincinnati, OH, give us a call today to get the information you need about business interruption coverage and how it can help you.