Cannabis Business Income and Extra Expense Insurance
Cannabis Business Income and Extra Expense Insurance covers you while your business operations are suspended as a result of a covered cause. Business Income Insurance pays for the actual loss of business income or profits that you sustain due to the suspension of your business operations as a result of damage or destruction to your property. Extra Expense Insurance covers expenses that you would not have incurred if there was no damage.
When something goes wrong, in addition to the obvious expenses, there are usually additional, unexpected expenses that arise. Even for the well-prepared, these unexpected expenses can be detrimental. This might include expenses such as running your business from a different location, or other expenses such as rent, utility, payments, taxes and more. Cannabis Business Income and Extra Expense Insurance is a great way to recover expenses as if there was no effect on your business income stream.
To learn more about Cannabis Business Income and Extra Expense Insurance, contact a Cannabis Coverage Company agent today.