Business Interruption Insurance

What Business Interruption Insurance typically includes:

1. Covered Events: Business Interruption Insurance typically covers events that cause physical damage to your business property, such as fire, water damage, vandalism, or natural disasters. The damage must be caused by a covered peril specified in your policy.
2. Lost Income Coverage: This coverage reimburses your business for the income you would have earned had the covered event not occurred. It helps replace the revenue lost during the period of interruption.
3. Ongoing Expenses: In addition to lost income, the insurance can cover certain ongoing expenses that your business continues to incur even when operations are suspended. This can include rent, utilities, salaries of key employees, loan payments, and more.