If you’re thinking of starting a business, the first things that would probably come to your mind are capital, location, number of staff (if any), business registration, licenses and permits.

If you’ve got those ready, you are all set to start operating your business! Except, you might be missing a crucial detail in your business plan.

You might—and probably would—encounter bumps in the road along the way. Some bumps are small, some are huge obstacles, while others are total roadblocks. These can come in the form of minor equipment damage or theft; but these bumps can also come in the form of typhoons, earthquakes and other calamities which can cause the disruption of your business.

In case you haven’t figured it out yet: You will lose a lot of money. Just one day of suspended operations can spell thousands of pesos of lost income.

But fear not. There is a way to save you from all those possible stresses and financial losses.

If you’re starting a business, you should definitely get a business continuity insurance.

A business continuity insurance is similar to a property insurance, in such a way that it covers for damage done to your property or business. But property insurance provides protection only for the damage itself; it does not cover for operational losses you incur because of your damaged property.

For example, if you own a bakery and you have a property insurance plan for your oven, and your oven breaks down, you will be entitled to claim for damages. But your oven is still busted, and you are still losing money every day that you do not operate.

Business continuity insurance protects you exactly from that. You would be guaranteed that you would be in the same financial position whether or not a loss would occur.

Fortune General offers insurance coverage for your business. Talk to us if you think you need it.