Business Income Insurance, also frequently called Business Interruption Insurance, is a vital protective coverage that compensates a business for lost revenue and covers ongoing operating expenses when it is forced to close temporarily due to a covered disaster. While property insurance pays for the physical "bricks and mortar," business income insurance pays for the "time" it takes to get back on your feet.
Common Exclusions: Floods and earthquakes (unless specifically added), utility outages that happen away from your premises, and pandemics/viruses (most policies have excluded these since 2020).
7 Views