Posts tagged business and finance
Business Interruption Insurance: A Lifeline for Your Company

Most businesses have property insurance in place to protect themselves against severe losses from events like fires and explosions. However, the income lost during a shutdown after a loss can be even more devastating. Without business interruption insurance, the organization may suffer a blow from which it will be difficult to recover.

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How Businesses Can Prepare for and Survive Disasters

The Insurance Information Institute (III) says that disasters such as floods, hurricanes and fires cause many businesses to shut down temporarily or close forever when they happen. In their recent research, the III found that 40 percent of businesses did not open their doors again after experiencing a devastating disaster. About 25 percent of businesses reopened but wound up closing again within a year.

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