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Category Archives: Small Business

Small Business Essentials: Business Interruption Insurance

As a small business owner, it is crucial to be prepared for a disaster to strike.  It is particularly important for small businesses to obtain business interruption insurance, because this important policy will help tremendously in the case of a catastrophic event by assisting in alleviating the harmful effects of business interruption. If a Disaster Strikes Business interruption is the loss of income and forced temporary closure to a business as a result of a damaging incident, and it can be extremely costly if you are not properly insured. One never knows when a disaster may hit, so it is vital to be equipped with a coverage that could be the key survival tool for your business. This coverage will compensate for lost income of your company during period of restoration needed as well as physical loss due to disaster-related harm. These unwanted occurrences may include storms, fires, acts of terrorism, or even cybercrime. A business that has to shut down may lose customers to competitors, so resuming business  quickly should be the main goal after a disaster. Business interruption coverage is frequently added to a property insurance policy or included in a package policy. Essential Protections Obtaining the proper insurance can mean the life or death of your business if a detrimental event was to take place. When your business is at stake, business interruption insurance is likely to help save it. It is unfortunately common for small business owners to overlook this coverage.  Oftentimes, disaster damage management is forgotten about or the importance of it is underrated, and small businesses’ lack of planning for disaster recovery is a huge risk. A recent study found that more than half of small business owners said it would take them at least three months to recover from a disaster, and the same study found that 69 percent said they have an evacuation plan at home but over a third believe it isn’t important for their businesses to have a disaster recovery plan. It was also found that 44 percent of these small business owners do not have a plan readily accessible if disaster hit. Small businesses are the least likely to obtain interruption insurance, yet are most effected by disaster. It is in your best interest to protect what you have worked so hard to build. About A.J. Benet Inc. Insurance…
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Is Your Small Business Hurricane Ready?

It’s essential that your Small Business is hurricane ready. According to an article in Hurricane Safety, forty percent of small businesses that close as a result of hurricane damage do not reopen. To avoid becoming this statistic, stay protected with New York Small Business Insurance policy. By following the Business Survival Plan, enforce an emergency plan in the event of a disaster. Protect your property. This includes investing and installing shutters to protect windows and doors, having the roof of your building be evaluated, and removing branches and trees that could potentially fall and damage it. Furthermore, make sure to sandbag an area that is prone to flooding and anchor any large furniture to wall studs. In addition, you should relocate any valuable or fragile possessions. Keep important documents and information safe. Some of this documentation is crucial for your business operation and must be safe. Make sure to have back-ups in case of a disaster. Seal all documents in waterproof containers and save all your other documents in an alternate location. Have a preparedness checklist ready to go. Below are just a few items that you should keep in one location at your place of work in case a storm hits. Battery operated radio or television Non-perishable three-day food supply for you and your employees Three-day supply of water for you and your employees (One gallon of water per person, per day) Coolers and containers for water and washing Blankets, pillows, cots, and chairs First Aid Kit and first aid manual Flashlights, batteries, light-sticks Tool kit (basic tools, gloves, etc.) Camera and film for documenting damages At AJ Benet, we make sure that your New York Small Business Insurance Policy includes more than the simple general liability and product liability. Our policies extend in cases where you underlying limits are exhausted. Our team of experts is willing to go the extra mile and not only protect your business but understand it. For more information, call us today at 888.639.4560.

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