How would things unravel if you had a fire in your office and you had to rebuild from the ground up? You would be well insured for the business personal properties like your desks and computers. But are you prepared for the cost of moving operations to another location, paying your employees while you are shut down, and continuing to pay those ongoing expenses while your revenue is interrupted? You may need Business Income Protection.

Business Income Protection compensates you for lost income that results from a loss that shuts down your business temporarily. It can replace the profits you would have earned (based on financial records), and cover those extra expenses you incur.

There are a number of policy types written for Business Income Protection; this is appropriate in ensuring that the coverage is responsive to your business needs. One extremely valuable aspect in most policies is Extra Expense coverage. This coverage will reimburse your company for additional expenses it incurs by remaining in business and avoiding shut down during the rebuilding stage. Extra expenses will even be paid if it reduces down time.

An industry study has found that, on average, it will take 4-6 months to rebuild from a catastrophic loss, and an additional 6 months to return to prior profitability. No one can afford to lose a year of their business, so make sure your coverage includes business income with extra expense to protect your profit and rebuild your business.

In the Northeast, small businesses with less than 100 employees account for over 95% of all employers and employ 36% of the workforce. If you add in companies with less than 500 employees, it brings the regional total to 97% and the total employed by small business to 50% of the region's workforce.
Source: US Census Bureau

Whether you travel occasionally or are racking up those frequent flyer miles each year, your laptop is probably your most common travel companion.

Unfortunately, even the best computers will occasionally suffer from amnesia, so here are some tips to keep you "in business" while on the road:

1. Avoid computer amnesia. Purchase a portable flash drive (also known as a pocket or micro drive). You can plug it right into your USB port and Back up important information. It will fit in your pocket, and can be plugged into a borrowed computer in the case of a drained laptop battery or other emergency.

2. Paper doesn't need batteries. Print out meeting schedules, contact information, etc. before your trip. While convenient, your laptop or PDA may not always be right at hand (or be feeling forgetful), and a paper copy will not fail you.

3. There's no place like home. Send important information Back to the home office when away for an extended period of time. Using a remote connectivity program like GoToMyPC can help you connect with your system, and can also help you retrieve anything you may need.

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