INC.com:
Are you protected if a catastrophe hits? Quite possibly not. More than half of small businesses don’t have business-interruption insurance, a recent survey found. Get on the case by asking these questions:
* Coverage kicks in immediately after a disaster, right? Don’t count on it. Most insurers wait 2 to 3 days before covering the loss of income you would be earning had nothing happened, plus any normal operating expenses, such as salaries and taxes. Make sure you know how long your waiting period is.
* What about extra expenses?
* What if a key supplier has a disaster and can’t deliver my order?
* Can I continue to pay my employees after a disaster?
* Are all my locations covered under one limit?
* What if lightning knocks out a transformer nearby and knocks out my power?
* Does my coverage include an extended period of indemnity?
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