Disaster has struck. It’s a dark day in Chicago, IL. Your business has completely shut down. Was it fire or storm damage? It doesn’t matter. There is much to be done between now and the day you can reopen. Unfortunately, there was a lot of damage and reopening is a long way off. While you are assessing the situation, your insurance agent reminds you about the interruption insurance portion of your policy and describes some of the costs that it can cover.

1. Costs Associated With Moving to a Temporary Location
If your business can operate from anywhere and your policy covers it, you can restart your business at a temporary location. This can shorten the business interruption dramatically. It will allow you to continue your operation, keep your customers satisfied and make your employees happy that they still have jobs.

2. Lost Profits But Not Lost Revenue
If your business is profitable and you can document profitability, you will be reimbursed for profit lost. Some people mistakenly believe that interruption insurance covers the insured for lost revenue but that is not the case.

3. Fixed Costs
The government wants you to pay your property taxes. Your landlord expects you to pay the rent. Behind them, there are others standing in line to get paid. They don’t care that you are temporarily out of business.

4. Training Costs
Unless you set up your business to operate at a temporary location, it’s a good bet that you will permanently lose many of your employees. New employees will need to be trained to do the jobs, and training costs money.

5. Other Expenses
There will always be other expenses that don’t fit in the above categories. There could be loan payments, utilities, association dues and contractual obligations.

A Short Interruption Is Good for Everyone
Your insurer wants the interruption insurance payments to end. You want things back to normal. If your repairs include fire restoration, consider bringing in a team of restoration experts. You will be happy you did.

I had a pipe leaking in my wall in my laundry area. 1st Choice came and opened up the wall, took my washer, dryer and laundry tub out of the room. After a plumber fixed the pipe, they came and pulled up the carpet and dried out the room. I was very satisfied with that part of my ordeal.

Ron. M.

All of the employees I dealt with were polite, on time and did great work. They cleaned up after the job and would highly recommend them.

Nancy. O.

What they say

We believe that each one of our clients deserves the very best of us and we go the extra mile to make sure that happens.

Related POsts

4 Tips To Keep Your Bathroom Mold-Free

Bathrooms are a breeding ground for mildew and mold. With moisture and heat constantly surging through your Chicago, IL, bathroom, it can seem like an insurmountable task to keep it fresh and dry.

Read more

How To Minimize Business Loss Post-Flood

Flooding can be a costly peril for most businesses, as not only does it often result in costly property damage, but also, it often results in business interruption.

Read more

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

I had a pipe leaking in my wall in my laundry area. 1st Choice came and opened up the wall, took my washer, dryer and laundry tub out of the room. After a plumber fixed the pipe, they came and pulled up the carpet and dried out the room. I was very satisfied with that part of my ordeal.

Ron. M.

All of the employees I dealt with were polite, on time and did great work. They cleaned up after the job and would highly recommend them.

Nancy. O.

What they say

We believe that each one of our clients deserves the very best of us and we go the extra mile to make sure that happens.

Related POsts

4 Tips To Keep Your Bathroom Mold-Free

Bathrooms are a breeding ground for mildew and mold. With moisture and heat constantly surging through your Chicago, IL, bathroom, it can seem like an insurmountable task to keep it fresh and dry.

Read more

How To Minimize Business Loss Post-Flood

Flooding can be a costly peril for most businesses, as not only does it often result in costly property damage, but also, it often results in business interruption.

Read more