Sales Projection Affects Business Interruption Claims

In order to benefit from business interruption insurance, you will need detailed records of profits your business has made in the past. Sales projection is based on what your business may have done in a similar time period.

Your insurance company may look at sales records during the same month or months in previous years. If your business experiences seasonal ups and downs, that will also be taken into consideration.

Sales projection could also include trend analysis. If your business has been increasing steadily, it may increase the amount of loss income you receive during business interruption. To find business insurance quotes from insurance competitors in your area, use the online form.

Sources

1. Quantifying Loss: Four Key Elements for Resolving Business Income Loss Claims, Russ Matheson. Retrieved June 4, 2008, from http://www.claimsmag.com/cms/Claims/Monthly+Issues/Issues/2008/06/Features/FEATURE+cover+story.htm?p=2