If you’re a Deerfield Beach, FL business owner, you know that a million things could go wrong on any given day. You work hard to mitigate risks and plan for the unexpected, but sometimes things happen beyond your control. Does your commercial insurance policy cover the loss if you can’t meet production requirements because of a delayed shipment? 

How Does a Supply Chain Delay Impact My Business?

If you’re unable to meet production requirements because of a delayed shipment, it can significantly impact your business. For one thing, you may have to cancel orders or delay shipments to your customers. This can lead to lost revenue and damage to your reputation. In some cases, you may even be liable for breach of contract. 

What Does Commercial Insurance Cover?

The first thing to remember is that every policy is different, so it’s important to speak with us to find exactly what’s included in yours. That said, most commercial insurance policies will cover some or all of the following: 

• Lost revenue due to delayed shipments 
• The cost of hiring an outside company to meet production requirements 
• Breach of contract penalties 
• The cost of expediting shipments 
• Reputational damage 

Remember that there may be limits on the coverage available, so it’s important to find out what those are before you purchase a policy. 

Does your commercial insurance policy cover the loss if you can’t meet production requirements because of a delayed shipment? In most cases, the answer is yes—but it’s important to check with Deboo Insurance Agency Inc. if you don’t have commercial insurance, now might be the time to call us!