Downtime, Lost Revenue, Loss of Revenue, Loss of Use, Lost Income, and Business Interruption Losses are terms often intermingled within the insurance industry.
When your equipment isn’t operating, you can’t make money. For owner operators – truckers, wreckers, rideshare or delivery drivers, it’s important to get back on the road as quickly as possible after an accident.
But…your bills keep coming even if your truck isn’t bringing in the money. Owner-operators, motor carriers, and fleets who lose the use of their vehicles following an accident are stripped of their income-making capacity, playing havoc with their livelihood and bottom line profit.
Large losses of revenue add up quickly. It’s important to take action immediately.