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Business Interruption Insurance

Business Interruption Insurance is coverage that replaces business income lost as a result of an event that interrupts the operations of the business, such as fire or a natural disaster. It is important to understand how insurance can protect you from the resulting financial loss. In addition to potential recovery for property damage from your property/casualty policy, you may be able to recover lost revenue from your business interruption coverage.

What does business interruption insurance cover ?

Business interruption insurance can help you recover lost income in the event of such disruptions. It can help you by:

  • Paying for lost net income and on-going expenses (rent or mortgage payments, wages, advertising, etc …)
  • Keeping your business afloat if a loss forces you to close for a short time
  • Paying for your relocation and advertising costs if you have to operate from a temporary location
  • Maintaining your overall business continuity strategy

Business interruption insurance is not sold as a separate policy, but is either added to a property/casualty policy or included in a comprehensive package policy.  If your operations are disrupted, whether completely or partially, the language of your policy will determine if, and for how long, your insurance company will cover such loss.

Make sure you discuss this important aspect of your coverage with one of our brokers.

I want to protect my business!

Business Interruption Insurance