GSBA Vision & Mission

MISSION: To combine business development, leadership and social action to expand economic opportunities for the LGBT Community and those who support equality for all.

Thursday, April 24, 2014

Liberty Mutual: Business Income Insurance

You put your heart and soul into your business.
We put ours into protecting it.
You live for the ideas, the independence, the feeling of making things happen. You have a passion for your business. Liberty Mutual Insurance has a passion for protecting it. We’re pleased to bring you a series of short articles highlighting optional insurance coverages you may want to consider as part of your overall risk management plan to protect your business, your employees and your future.

Spotlight: Are you covered in the event you experience loss of business income? What’s important for you to consider?

What is business income insurance? Business Income and Extra Expense Insurance, sometimes referred to as Business Interruption Insurance, is commercial coverage that reimburses a business owner for loss of anticipated profits and necessary continuing expenses during the period that the premises is being restored to normal operations due to direct physical loss or damage to covered property from a covered peril, such as fire. Extra Expense coverage can also be added to a premises with Business Income coverage to pay for necessary expenses to avoid or minimize the suspension of the business’ operations during the same restoration period. Additional coverage is available to cover business income and extra expenses that may occur if an action by a civil authority limits access to your business premises due to damage by a covered peril to covered property away from your premises.

What’s important for you to consider? Many businesses forgo this important coverage or have a limited monthly or annual plan. Are you correctly covered to protect your business income for the period of time it may take to restore your business following a covered loss? Consider the actual loss adjustment period, application for building permits, ordinances, construction period, loss of customers during the restoration period, and extra expenses/advertising/alternative rental costs to keep or attract customers. What about the loss of income if one of your important vendors or suppliers cannot work with you due to a covered loss at their business? Do you have a back-up plan? There are many coverages available to address your specific business interruption concerns.

Liberty Mutual is passionate about protecting businesses and we want you to have the right coverage to protect yours. For nearly 15 years, we’ve proudly partnered with the GSBA to support local businesses in the Seattle/Puget Sound community. With offices in Seattle and throughout the Northwest, we know your market and what it takes to protect your business.

To learn more about Business Income Insurance and other important business insurance coverages you should consider, contact independent insurance agency and GSBA member, EHL Insurance:

EHL Insurance
Heidi Dearinger, Director of Business Development and Marketing

This information is a general description of coverage and services offered. See your policy or service contract for actual terms and conditions. Insurance underwritten by Liberty Mutual Insurance Co., or its affiliates or subsidiaries.

About Liberty Mutual Insurance
You’re passionate about your business. Liberty Mutual Insurance is passionate about protecting it. We rank on the Fortune 100 list of largest corporations in the United States (based on annual revenue). As a leading property and casualty insurer, Liberty Mutual has the resources and expertise to provide tailored domestic and multinational insurance and risk-management solutions to meet business-specific needs, regardless of size, throughout the Northwest Region. Visit, or contact your independent agent or broker.


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