EPISODE

Keep cash flowing after a catastrophe strikes.

EPISODE DESCRIPTION

With their Business Income Insurance, Skyview Ranch was able to maintain cashflow following a catastrophic fire.

EPISODE TRANSCRIPT

Speaker 1

One of the most important elements of your insurance is the business income and extra expense piece. We’ve got to keep your cash flow going and that’s what this coverage provides when it comes to business income. There’s the easy way. And then there’s the right way. It’s the right way that we’re going to talk about in this video.

Speaker 2

I didn’t think very much of it at the time, but doing those yearly business income worksheets truly made a difference for us when our tragedy happened in November. Those worksheets really played a hand because fortunately we did have loss of income insurance. We had that policy in place and so our insurance provider could look and see the numbers. They knew that we were religious about doing them year after year and it allowed us to get financing and the checks sent to us much faster. Our fire happened in November and we were receiving many, if not all, of our checks by March and the end of April from our insurance provider.

Speaker 1

Give a call to McMichael Insurance. We would be glad to help you with doing business income the right way. Your business depends on it. My name is Gerald McMichael. You know me and now you know a little more about insurance.

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