Consider business interruption insurance that assists you with operating needs during a period of shutdown. It may help you meet payrolls, pay vendors and purchase inventory until you are in full operation again.
More Quotes from Carol Chastang:
There is no way to avoid a natural disaster from occurring. You can, however, take action to avoid the most devastating damage that your business may face.Carol Chastang
A relatively small investment of time and money now may prevent severe damage and disruption of life and business in the future.
Carol Chastang
Be a little pessimistic now, and assume it can happen to you. Develop a disaster plan for your home or business now so you can rest a little more easily in the future.
Carol Chastang
One lender could have been really strict and specific about the borrower providing the documentation to prove that they were affected by the Sept. 11 attacks, and another banker may not have, or may have had ulterior motives for approving loans.
Carol Chastang
Every area in the country is subject to some kind of disaster - flood, hurricane, earthquake, to name a few. Even man-made disasters - oil spill, civil unrest, fire - can devastate the surrounding neighborhood and economy. Even though an area has never been damaged before, there is no guarantee that it will not happen tomorrow.
Carol Chastang
Most general casualty policies do not cover flood damage. Many require additional riders for windstorms. Consider adding coverage for likely perils, especially flood insurance.
Carol Chastang
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