Insurance & Personal Injury Attorney in Oakdale, Minnesota

Losing Business Income After a Fire

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You know for businesses business income loss coverage is one of the most critical coverages that business can have. Because what it’s intended to do is insure that your income level stays the same as it was before the loss that’s what it’s intended to do. And so what businesses need to do after a loss is number one enquire about that right away with their insurance adjuster. Find out how much coverage they have. Is there a waiting period to get it? How do they tap into that coverage to make sure that they can make payroll so that they can continue on with business. Can they open up their business at an alternative location if, for instance, a restaurants been burned down by a fire can they open someplace else so they can continue along with their income stream. That will ensure that the business continues to succeed even after the loss. Without that coverage, without its availability, some businesses go under and there is no recovering so it’s one of the most critical coverages that a business can have.

Oakdale, MN insurance coverage attorney, Adina Bergstrom, talks about what business owners should do if they lose business after a fire.

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