Business income insurance, also known as business interruption coverage, protects your business from financial losses when operations are suspended due to a co…
Business income insurance, also known as business interruption coverage, protects your business from financial losses when operations are suspended due to a covered property damage event. This coverage replaces lost net income, pays ongoing operating expenses like payroll and rent, and covers extra …
Business income coverage typically lasts for the 'period of restoration' — the time reasonably required to repair or replace damaged property. Most policies include a 30-day extended period of indemnity after reopening to account for ramp-up time. Ex…
Standard business income policies require physical damage to trigger coverage and typically exclude virus and communicable disease. However, some carriers offer specialized endorsements or standalone policies that address specific pandemic-related bu…