Keep your business going even when everything else stops.
As people in New Jersey communities know, Superstorm Sandy hit families and businesses very hard. There was devastating property damage from flooding, along with significant loss of income due to evacuation orders, disruption of utility service, disruption of mass transit, and disruption of the operations of key suppliers or customers. The good news is that many Garden State companies were covered thanks to business interruption coverage.
Failing to plan often means planning to fail.
Nobody “plans” for their business to experience a severe and prolonged interruption in operations. But things can and — as Sandy showed us — DO happen.
One of the many takeaways from the storm is the absolute need for disaster planning, business continuity, and a robust protection program in the form of business interruption insurance. Business interruption can be designed to provide you with the income you would have made had your business not suffered damage. It also will pay for bills you continue to incur even though you’re closed; costs associated with the use of a temporary location; expenses incurred to keep your business open after a disaster, such as renting equipment to substitute for what was lost; and income deficiencies associated with recovery after you reopen.
At Martin Insurance Group, we can also provide you with broader protection to cover utility failure, supply chain interruption, or other contingencies (such as the closure of a transportation route or some other governmental action).
We will work with you to make sure your business interruption coverages dovetail, providing you a seamless, comprehensive suite of protection. We’ll also evaluate the details involved in determining your needs, such as payroll coverage, deductibles, the waiting period before coverage kicks in, length of coverage, and leader properties (those that draw business to your area, such as an anchor store in a shopping complex), to name a few.
Finally, we can review your operation’s disaster plan in the event a storm or other catastrophe strikes to see where improvements can be made. We’ve done it for businesses in New Jersey, Pennsylvania, and Connecticut, including companies and organizations in Mercer, Middlesex, Monmouth, and Ocean Counties, as well as Bucks County, PA.
Call now to speak with a representative about personal insurance. Martin has the experience and expertise to protect you, your family, and your possessions. We invite you to find out more about the difference we can make in insuring what’s important to you. Please click here for a quote or give us a call at 800.353.5000.
Q. Why do I need business interruption insurance?
A. If you own or are thinking about starting a business, having insurance coverage should be one of your top priorities — right after incorporation and a business plan.
Without specialized coverage like business interruption insurance, everything you put into a business could easily be wiped out with one accident, law suit, or other unplanned hardship. The Martin Insurance Group can help you assess your needs and get the right business insurance for your organization. Whether it’s as simple as a BOP (Business Owners Policy), or specialized industry coverage like bakery insurance or even cyber liability coverage, we can help.
Q. Why should I buy business interruption insurance from you?
A. Martin Insurance Group works with hundreds of New Jersey, Pennsylvania, and Connecticut businesses of all sizes, in a diverse range of industries. Chances are, we have helped insure businesses similar to yours before ...READ MORE, so we know the ins and outs of your industry. What’s more, we have been selling insurance since 1983, and are a stable company you can trust.
Here are some additional reasons customers trust us for their commercial insurance needs:
We could save you money.
As an independent insurance agent, Martin isn’t tied down to one solution. We can compare policies and pricing on coverage such as general liability, workers compensation, and business umbrella insurance from a variety of providers and help you choose the one that’s right for your business’ unique needs.
We might even recommend one business insurance provider for part of your coverage and another for other coverage – whatever makes the most sense.
We stay on top of the paperwork.
With all that you have going on, it’s easy to forget to file or renew coverage. So Martin has developed quality control systems that ensure your commercial insurance records are current. We’ll even help you through the auditing process. No more scrambling to meet dates or find certificates – your Martin team will make sure you are on the ball and in compliance.
Q. I already have business interruption insurance. How do I know if it’s the right type or amount?
A. If you already have some form of business interruption insurance, but are not sure if it is the right type or amount of coverage, schedule a no-obligation review of your existing policies.
Our experienced team is generally able to identify gaps in coverage or opportunities to save money. Contact Martin today to schedule a complimentary review.