{"id":24,"date":"2016-08-15T02:00:00","date_gmt":"2016-08-15T14:00:00","guid":{"rendered":"http:\/\/www.depauloagency.com\/blog\/?p=24"},"modified":"2016-10-25T22:30:44","modified_gmt":"2016-10-26T04:30:44","slug":"business-income-losses-and-commercial-insurance","status":"publish","type":"post","link":"https:\/\/www.depauloagency.com\/blog\/business-income-losses-and-commercial-insurance\/","title":{"rendered":"Business Income Losses and Commercial Insurance"},"content":{"rendered":"<p>Something that many an entrepreneur has wondered: To what extent can commercial insurance help you with business income losses,&nbsp;what kind of business losses are covered, and under what circumstances can we collect?<\/p>\n<p>What we&#8217;re talking about when we ask these questions is business interruption insurance. Business interruption is a type of commercial insurance that can help to bridge the gaps where a standard policy might not.<\/p>\n<p>For instance, under a business interruption policy, also known as business income insurance,&nbsp;a beneficiary can collect on lost revenue resulting from, for instance, a fire, flood or windstorm.<\/p>\n<p>Here are the costs that a business interruption policy might cover:<\/p>\n<ul>\n<li>Rent and lease.<\/li>\n<li>Revenue lost due to temporary closure of a business.<\/li>\n<li>The expenses involved with operating from a temporary location.<\/li>\n<li>Advertising (specifically, advertising to direct customers to your new location).<\/li>\n<\/ul>\n<p>The circumstances under which you are able to collect on your business interruption policy aren&#8217;t so difficult to understand: If your commercial policy covers whatever type of damage it is that your physical location has suffered, then you can file a claim on your business interruption policy.<\/p>\n<p>Note that this type of policy does not cover, for instance, revenue lost due to a failed product launch. For the most part, the risks that we take in business are ours alone to take. However, a business interruption policy from someone like DePaulo Agency&nbsp;can help to ensure that, should something happen to our offices, our restaurant, our convenience store, that we live another day to keep taking those risks, keep innovating,&nbsp;and keep pushing ourselves to greater heights within our chosen industries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Something that many an entrepreneur has wondered: To what extent can commercial insurance help you with business income losses,&nbsp;what kind of business losses are covered, and under what circumstances can we collect? What we&#8217;re talking about when we ask these questions is business interruption insurance. Business interruption is a type of commercial insurance that can [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[5],"class_list":["post-24","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-depaulo-agency"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.depauloagency.com\/blog\/wp-json\/wp\/v2\/posts\/24","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.depauloagency.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.depauloagency.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.depauloagency.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.depauloagency.com\/blog\/wp-json\/wp\/v2\/comments?post=24"}],"version-history":[{"count":1,"href":"https:\/\/www.depauloagency.com\/blog\/wp-json\/wp\/v2\/posts\/24\/revisions"}],"predecessor-version":[{"id":25,"href":"https:\/\/www.depauloagency.com\/blog\/wp-json\/wp\/v2\/posts\/24\/revisions\/25"}],"wp:attachment":[{"href":"https:\/\/www.depauloagency.com\/blog\/wp-json\/wp\/v2\/media?parent=24"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.depauloagency.com\/blog\/wp-json\/wp\/v2\/categories?post=24"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.depauloagency.com\/blog\/wp-json\/wp\/v2\/tags?post=24"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}