{"id":681,"date":"2023-02-28T04:00:00","date_gmt":"2023-02-28T09:00:00","guid":{"rendered":"https:\/\/www.estirinsurance.com\/blog\/?p=681"},"modified":"2023-02-16T15:08:52","modified_gmt":"2023-02-16T20:08:52","slug":"choosing-the-type-of-business-interruption-insurance-that-is-best-for-you","status":"publish","type":"post","link":"https:\/\/www.estirinsurance.com\/blog\/choosing-the-type-of-business-interruption-insurance-that-is-best-for-you\/","title":{"rendered":"Choosing the Type of Business Interruption Insurance That Is Best for You"},"content":{"rendered":"<p>Business interruption insurance replaces the revenue you lose when you are forced to temporarily stop your operations due to a covered event, such as a fire or storm. At E.S.T.I.R. Inc., serving&nbsp;Bloomfield, NJ, you can get business interruption insurance as part of your business owner&#8217;s policy or as a separate policy written for a specific set of perils.<\/p>\n<h2><strong>What&#8217;s Covered by Business Interruption Insurance?<\/strong><\/h2>\n<p>Business interruption insurance covers losses caused by specific events listed in the policy. Your business interruption insurance may cover:<\/p>\n<ul>\n<li>The revenue your business would have taken in if you didn&#8217;t have to close<\/li>\n<li>Mortgage payments<\/li>\n<li>Utility payments<\/li>\n<li>Payroll costs<\/li>\n<li>Loan payments<\/li>\n<li>Relocation costs, if you have to move to a new location<\/li>\n<li>Training costs, if you lose employees while you are recovering from the event and you have to train new staff<\/li>\n<\/ul>\n<p>Business interruption insurance does not cover the cost of repairing damage from the event. These are covered in your casualty insurance. (You will need separate coverage for flooding.) It won&#8217;t cover utilities because they are usually cut off when your business is closed. And it doesn&#8217;t cover income you don&#8217;t include in your financial statements.<\/p>\n<h2><strong>Who Needs Business Interruption Insurance?<\/strong><\/h2>\n<p>E.S.T.I.R. Inc., serving Princeton, Newark, Bloomfield, NJ, and all the communities in between, has a simple answer to this question: Everyone!<\/p>\n<p>Generally, if you have fewer than 100 employees or revenues under $5 million per year, you can get the business interruption coverage you need in your business owner&#8217;s policy. Ask your agent at E.S.T.I.R. Inc. to be sure. You probably need a separate business interruption policy if you have a medium-sized or large business.<\/p>\n<p>E.S.T.I.R. Inc., serving Bloomfield, NJ,&nbsp;can provide the insurance your business needs at a reasonable cost. Call us at&nbsp;<a href=\"https:\/\/www.google.com\/search?q=E.S.T.I.R.+Inc.+in+Bloomfield+NJ&amp;oq=E.S.T.I.R.+Inc.+in%C2%A0Bloomfield+NJ&amp;aqs=chrome..69i57.1254j0j7&amp;sourceid=chrome&amp;ie=UTF-8#\">(973) 481-5300<\/a>&nbsp;for more information and a quote.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business interruption insurance replaces the revenue you lose when you are forced to temporarily stop your operations due to a covered event, such as a fire or storm. At E.S.T.I.R. Inc., serving&nbsp;Bloomfield, NJ, you can get business interruption insurance as part of your business owner&#8217;s policy or as a separate policy written for a specific [&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":[224,94],"class_list":["post-681","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-bloomfield-nj","tag-e-s-t-i-r-inc"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.estirinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.estirinsurance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.estirinsurance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.estirinsurance.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.estirinsurance.com\/blog\/wp-json\/wp\/v2\/comments?post=681"}],"version-history":[{"count":1,"href":"https:\/\/www.estirinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/681\/revisions"}],"predecessor-version":[{"id":682,"href":"https:\/\/www.estirinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/681\/revisions\/682"}],"wp:attachment":[{"href":"https:\/\/www.estirinsurance.com\/blog\/wp-json\/wp\/v2\/media?parent=681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.estirinsurance.com\/blog\/wp-json\/wp\/v2\/categories?post=681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.estirinsurance.com\/blog\/wp-json\/wp\/v2\/tags?post=681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}