Protect Your Clients from Business Income Loss Due To Weather

Severe weather events can happen at any time of year. Businesses need to be ready for this very real threat, and business income coverage can provide a layer of essential protection.

Tornado season begins early in the spring and continues to affect many parts of the country through the summer months. Hurricane season begins in the summer and continues into the fall. Businesses need to be ready for the very real threat that severe weather and natural disasters pose. In fact, the U.S. Small Business Administration estimates that 90 percent of businesses fail within two years following a disaster.

Business Income Coverage Is Essential

Would your clients’ businesses survive an interruption? In the case of natural disasters, the Federal Emergency Management Agency (FEMA) estimates that 40 percent do not reopen. Of those that do reopen, as many as a quarter will fail within one year.

Many business owners naturally have the idea that large-scale disasters, like earthquakes and hurricanes, are responsible for catastrophic business failures. In reality, even-small scale events can pose a serious threat to continued operations.

Business income insurance (also known as business interruption insurance) covers the policyholder for the expenses and loss of income following a suspension of operations.

MiniCo Provides Extended Business Income Coverage

MiniCo has over 40 years of experience writing self-storage risks. We’re uniquely able to understand the challenges of this coverage. Business income insurance is complex. It is frequently misunderstood and often undersold. Yet many times it is the difference between business continuation and failure.

Our self-storage specialty insurance offers extended business income coverage with the option to extend coverage for actual loss incurred from 15 months (included) to 18 or 24 months. We at MiniCo invite you to learn more about how you can offer this vital coverage to your clients. Contact a MiniCo representative at 800-447-8383 or

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