PROTECT YOUR BUSINESS BUSINESS INTERRUPTION INSURANCE COVERS THE UNEXPECTED For business owners, here’s a terrifying scenario: Imagine closing up shop for the night, only to return the following day and find your business burned to the ground. What now? Beyond the immediate property damage, how do you recover lost revenue and cover other expenses until you can implement your plan B? THE ROLE OF BUSINESS INTERRUPTION INSURANCE Business interruption insurance helps compensate business owners for lost revenue, rent or lease payments, taxes, employee wages, loan payments, or relocation costs if a fire or other damage temporarily forces you to close your business. WHAT DOES BUSINESS INTERRUPTION INSURANCE COVER? Lost Revenue Business interruption insurance primarily covers lost revenue. When a business has no option but to close its doors because of a covered disaster such as fire, storm, or vandalism, the insurance helps to replace the income the business would have earned during the closure period. This is crucial for maintaining cash flow and ensuring the business can meet its financial obligations.
Grill and Chill Host a Summer Barbecue for Everyone Enjoying your own party can be more complicated than it sounds. Backyard barbecues are a high point of summer, but hosting one you enjoy with your guests requires planning. “If swimming is on the agenda, consider protecting new or light- colored indoor furniture with water-resistant covers so guests in wet swimsuits can sit wherever they want without stressing out their host,” says Calla Quinn, a TikTok influencer who recently posted tips on hosting up to 50 friends at your home. Another tip she shares is using of portable misting fans in dry climates. These devices create a fine mist to refresh passersby in seconds, and they are especially popular on patios and decks. If attendees offer to bring something, don’t hesitate to accept, and be specific about what you want — from lawn chairs to beach towels. Martha Stewart recommends having a stain remover on hand to manage stains and cloth towels that guests can use to wipe up spills. Expert hosts also recommend a self-serve bar for casual summer gatherings. Consider filling several 3-gallon drink dispensers with popular options. Depending on your guest list, you might offer family fare such as lemonade, iced tea, ice water, or premixed cocktails like strawberry vodka lemonade or passion fruit margaritas. Martha Stewart suggests allowing amateur mixologists to concoct their own beverages by setting out bottled juices, artisanal sodas, and kombucha. A stylish yet simple way to serve hors d’oeuvres and side dishes to complement your grilled entree is to assemble or have catered a charcuterie board. These feature finger foods such as meats, cheeses, olives, spreads, fruits, nuts, chips, and crackers. A fully stocked charcuterie board adds a decorative touch while keeping guests well-fed for hours, adding what Quinn calls “a real wow factor.” And to make sure your day ends well, look for disposable, compostable bamboo or wooden dishes. Searching for “eco- friendly tableware and cutlery” should turn up some good options. This one last detail can go a long way toward supporting sustainable living while ensuring you don’t spend any valuable party time cleaning up broken glass or washing dishes.
Vermost Insurance Now has a relationship with Chuck Chucri, who offers financial planning and investment
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