As lawmakers finalize relief bills to stimulate a staggering economy, many business owners have looked for answers to avoid laying off employees as government mandated shutdowns have swept the nation. The common questions that has resonated with our clients: Does my insurance cover the coronavirus?
Business Interruption Insurance, also know as Business Income Insurance, pays for the actual loss of business income that you sustain due to the suspension of your business operations from a covered physical loss on your business insurance policy. This could include a storm, fire, or even a large theft if covered on your policy. When a business is unable to open due to a disaster, there is no revenue generated to pay rent, utilities, and other operating expenses that would still be required. This is where Business income applies. This coverage will reimburse you for lost income, extra expenses, and operating expenses during the period of restoration. In fact, it will even cover payroll for qualified employees so that you don’t lose your staff during an extended closure.
Inside Our Remarketing Department At Moore Resources, we pride ourselves on our commitment to exceptional customer service. Most insurance agencies do not have remarketing departments, as it isn't viewed as a revenue generator for them. It is especially rare at local, Family-Owned Agencies. However, at Moore Resources we…
Are You Prepared for Hurricane Season? It’s the end of April and Summer is just around the corner. But with the fun of summer, also signifies for Florida Residents the beginning of Hurricane season. It is always a good idea to be prepared long before a Hurricane hits…
Buccaneers Free Agent Frenzy! This free agency has been one of the most entertaining to date. The trades have been jaw dropping including NFL Stars like Russel Wilson, Devante Adams, and Khalil Mack! After the dust has settled from the initial blockbuster moves, one thing is certain,…
Life Insurance is one of the most important insurance policies a person can buy. Perhaps you have seen a commercial or been told by a loved one to buy it. So, why should you get Life Insurance? Moore Resources has outlined the top 3 reasons to purchase…
