Unless you want to pay through the nose, you will have to shoulder some of the post-disaster costs. The insurance company generally requires that the business owner assume responsibility for some part of the loss. The business owner picks up the tab on the other 20 percent. For example, our flagship commercial insurance policy, Spectrum, comprises property, business liability, employment practices liability, equipment breakdown and business income all as basic coverage. Business interruption claims One of the most important disaster preparations you can make is to secure your business documents offsite so you can get your hands on them quickly should a disaster occur.
Financial records are necessary to verify the value of claims made.
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