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Business insurance
Business interruption insurance, also called business income coverage, replaces lost net income and pays continuing expenses such as payroll and rent while a business is closed or slowed by a covered physical loss. It is usually part of a commercial property or business owner's policy and is subject to a waiting period and a time or dollar limit.
Most businesses underestimate how long it takes to reopen after a fire or storm, especially when permits, equipment lead times and lost customers are considered. The limit should reflect a realistic restoration period plus any extended period of indemnity after reopening.
Claims require proof of the income lost, so clean financial records matter. A business interruption calculator is built and awaiting release; its inputs will be monthly revenue, continuing expenses and an estimated restoration period, the same figures an adjuster will ask for.
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