If your business shuts down temporarily due to a fire or other cause, it could be devastating for your operation. Think about how long you’d be able to continue to pay for ongoing expenses, such as payroll and account payables, without having any revenue coming in while repairs are being made. A month, two, maybe three?

This policy is designed to provide you with income during the time your business is closed or significantly impaired by physical damage to your property. Along with Extra Expense coverage, it will assist with the cost of using a temporary location; funding to keep your business operating after a disaster, such as renting equipment to replace what was lost; and income shortfalls as your company recovers after reopening.

In addition, we can design your Business Interruption policy to cover additional exposures, such as supply chain interruptions, loss of utility service, or equipment breakdown at your site. These exposures are covered by Utility Services – Time Element, Utility Services – Direct Damage, Supply Chain, and a System Power Pac for electrical or mechanical breakdown.

Our staff will also review the details that go into determining your Business Interruption policy – payroll coverage, deductibles, length of coverage, and leader properties (those that draw business to your area, such as an anchor store in a shopping complex), to name a few. Our policy provides business income coverage in the event an anchor store or dependent property shuts down due to a loss, which causes your revenue to suffer.