Regardless of the size of your restaurant, the crowd you cater to, or the origin of your cuisine, any battle-hardened restaurant owner in MA will tell you that a comprehensive MA business insurance plan is a must have. Having a protection strategy in place can prove to be the ultimate asset when disaster strikes or the unexpected occurs. It is also reassuring during good times to know that all of your dedication and hard work cannot be swept away by some fluke act of chance.
The majority of restaurant owners do have some sort of customized MA General Liability Insurance, protecting them from fire, theft, vandalism, lawsuits, and other perilous happenings that can hit-hard when they occur. In addition, many owners also keep a million dollars in “umbrella coverage”, another form of insurance that can fill in the gaps that may exist in a general policy. These forms of coverage ensure that after a precarious event, assets lost due to a covered loss can be replaced in full and that any damage done to your commercial property will be taken care of.
MA General Liability Insurance is a necessity in terms of protecting precious assets, but it does nothing to address the loss in revenue that occurs during the recovery period that takes place after a serious misfortune. When revenue streams dry up, it becomes impossible for most restaurant owners to retain employees with continued payment or to ensure that they themselves remain financially stable during the down time.
Loss of Income Coverage is a relatively inexpensive add-on to an MA General Liability Insurance policy and is essentially a cash reimbursement for lost revenue. It covers the interruption in payment cycles that is bound to occur during the recovery period. Call an Encharter Insurance agent today by calling 888-865-1244 or look at our full line of MA Business Insurance by visiting us at ww.encharter.com.
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And remember, At Encharter, “It’s all about protecting you!”
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