Business Interruption Coverage

Business interruption coverage, sometimes known as business income insurance can help replace the income you lose if you can’t open temporarily after a covered loss. Your business interruption insurance may also cover a civil authority, like a government-mandated road closure that temporarily shuts down your company.

 
  • Revenue you’d normally make if your business was open.
  • Mortgage, rent, and lease payments for the space your business operates from.
  • Loan payments that you need to make during that time.
  • Taxes, whether you pay them monthly or quarterly.
  • Payroll for your employees.
  • Relocation costs if you have to move to a new or temporary location because of physical damages.
  • Extra expenses if, for example, you need to rent another space to temporarily run your business
  • Training costs for employees to learn how to use new machinery or equipment
 

 

  • Broken items resulting from a covered event or loss.
  • Flood or earthquake damage, which you’ll need a separate policy for.
  • Undocumented income that’s not listed on your business’s financial records. 
  • Utilities, because they’re usually turned off when your business closes due to damage.
  • Communicable diseases that cause a shutdown in your operation.
 
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