Businesses need insurance to ensure it will be able to operate in case any kind of disaster strikes, otherwise all the hard work, time money and effort put into running a business will be wasted. The reason why hardship letters are so popular is that they offer a final chance to the person facing a foreclosure to stop it. Although the final decision on whether or not to accept the letter lies with the mortgage company, people do write it as a last gasp attempt to save their property.
Most noticeably for small businesses (limited companies and personal service companies) professional cover such as contractor insurance provides quality and cheap protection against the many trials and tribulations that a run in with the tax man can incur.
Typically, a good agent will be in communication with an insurance company’s underwriter where they can both be instrumental in tailoring a package that not only covers the exposures sufficiently, but will also include the appropriate credits so that agreement on price can be made without unnecessarily limiting coverage.
So while most of the infrastructure belowground typically is not damaged much when there is a fire aboveground there can be a problem with getting a municipality building permit without also redoing the foundation (which usually is not a covered loss).
Professional liability insurance will be useful too with a virus liability endorsement in case you are in the business of storing sensitive data on computers servers etc and one of the essential things to look while shopping for a business insurance coverage.