Underinsured on Business Income, How Businesses Go Under After a Covered Loss
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Underinsured on Business Income, How Businesses Go Under After a Covered Loss
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You can have millions in property coverage and still go out of business after a covered loss.
In this solo episode of The Policy Playbook, Misty Carson breaks down business income coverage, the most misunderstood coverage on a commercial policy and one of the biggest reasons companies fail after a fire, tornado, or major equipment loss.
You will learn what business income actually covers, what it does not, and why most businesses have the wrong limit, the wrong period of restoration, and no plan for extra expense. Misty also explains contingent business income, the coverage you need when your supplier goes down and your building is fine but your operation is dead.
If you have not stress tested your business income limit in the last two years, this episode is for you.
Smart strategies. Straight talk. Zero BS.
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