Does your club have business interruption insurance? This type of insurance can cover a company’s lost earnings in the event that it’s forced to temporarily shut down due to a setback such as a fire or theft. Business interruption insurance, also called continuation insurance, helps club owners continue to cover the costs of running their enterprise, including utility costs and wages, even though they are temporarily unable to earn any revenue. It can be an important part of your club’s insurance coverage.
Business interruption insurance also can be a vital part of a club’s disaster planning efforts. It’s estimated that one quarter to one half of businesses never reopen after a major setback or disaster. Many of those businesses that failed had no disaster plan and weren’t adequately insured. Don’t let that be your club! Start preparing for the unexpected today. A solid disaster plan is a must for just about any type of business. And so is the right insurance coverage. We’re happy to help. Visit www.preparemyclub.org or call us (703) 739-9500.