Should my small business have business income insurance?
Business income insurance is not necessary for every business. However, if you decide to not purchase this coverage, it’s important to understand what you will not have coverage for in the case of a loss.
Business income provides reimbursements for lost revenue after a covered insurance loss. For a company that does not have a physical address that is crucial to its business, such as a contractor, business income is probably not necessary. For store front or main street businesses, like a coffee shop, business income is a must.
If you are in the market for business income insurance, please contact Sorella Insurance Services, who will be happy to help you.