Why? Because of inadequate planning and improper insurance coverages. Our last issue discussed catastrophic planning, this time we want to talk about the need to survey your business interruption insurance needs.

You income stream is one of your most important assets, yet most insurance plans never adequately address this issue.

• A key supplier’s plant is flooded, they cannot deliver to you for 6 months.

• Your retail business is in a strip center anchored by a large store. That store is closed for 9 months after a fire.

• Your key piece of production equipment is destroyed by electrical arcing and a replacement will take 2 months.

• Your service business is burned to the ground you need space, phones, inventory, and computers today or risk losing your customers to competitors.

• You have negotiated a lease for $2,500 per month and locked it in for 10 years. A fire forces you to move to a new location where the rent is now $4,500 per month.

• Your toll-free telephone line generates 25% of your sales. Tornado knocks out your service for 10 days.

• Your retail business depends on the Christmas season to make a profit and your store suffers extensive smoke damage on Thanksgiving and will not be re-opened for 90 days.

Loring & Company has written a simple, yet comprehensive report that will allow you to identify your income sources and your exposures to loss.

This report will reveal the 8 key coverages; rental income, leasehold interest, business income, extra expense, contingent income, equipment breakdown, loss of services (power, gas, telephone, etc.), and extended period of indemnity.

24 HOURS A DAY TO ORDER YOUR FREE COPY OF THIS REPORT!