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Joe Marconi

Do You Have, “Loss Of Business Income” Insurance?

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Do You Have, “Loss Of Business Income” Insurance?

 

I recently read about a repair shop in Texas that burned down to the ground. A tech was removing a fuel tank and a spark occurred while using an electric impact. No one got hurt, but the fire was bad enough that it closed the shop for a while until it was reconstructed, and destroyed a few cars. The owner had liability insurance, but not Loss of Income Insurance. This type of insurance would have helped the owner and the employees during reconstruction.

 

If you do not have Loss of Income insurance, I would urge you to speak to your insurance agent. You never know when tragedy will occur and you need to protect youself and the people you employ.

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