GSP Insurance Group Blog
What is Business Income Coverage?
Running a business can be a risky endeavor, and unexpected events can disrupt operations and impact your bottom line. From natural disasters to lawsuits and unexpected medical emergencies, there are countless situations that could cause financial harm to your business. That's why having a business income insurance policy from GSP Insurance Group can provide crucial protection and peace of mind.
Business income insurance is designed to cover the loss of income that a business may experience due to a covered event. This type of insurance can help businesses recover from a loss of income that occurs as a result of a covered event, such as a fire, theft, or other damage to property. It can also cover lost income due to events that are beyond the business owner's control, such as a pandemic or natural disaster.
Here are a few examples of situations that may be covered by business income insurance:
Lee Songer - Partner GSP Insurance Group