Know the Right Type and Amount of Insurance for Your Business
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Audio File and Transcript
June 4, 2008
Download the MP3 file.
This is Loretta Worters, vice president with the Insurance Information Institute. What follows is a radio actuality of four written quotes from the press release on knowing the right type and amount of insurance for your business insurance with hurricane season.
Segment 1
"Business insurance provides financial protection for property damaged or destroyed by a hurricane or other disaster listed in a policy. In addition to coverage for the business’s structure, it can also cover office furnishings, inventory, raw materials, machinery, computers and other items vital to business operations."
Segment 2
"Property insurance does more than protect physical assets; it may also provide operating funds during a period when a businessowner is trying to get the business back on track after a catastrophic loss like a hurricane."
Segment 3
"A business that prepares is more likely to be up and running after a disaster."
Segment 4
"Most businessowners are complacent about natural disasters until one affects their business. It’s only after the owner has gone through a disaster that a disaster plan, including purchasing the proper insurance, is usually considered. And by then, it’s too late."
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