Business Interruption

What Is Business Interruption Insurance?

Business interruption insurance is a type of insurance that provides coverage to businesses for lost income and other expenses resulting from unexpected events that disrupt normal business operations. It is often referred to as business income insurance or business interruption and extra expense insurance.

Business interruption insurance can be used to cover losses due to a wide range of events, such as fire, natural disasters, theft, or other unexpected events that prevent a business from operating normally. The policy typically covers the actual loss of income the business suffers during the period of interruption, as well as any additional expenses incurred in order to keep the business operational during the period of interruption.

Business interruption insurance is often purchased as part of a comprehensive insurance package that includes property insurance, liability insurance, and other types of coverage. It is important for businesses to carefully consider their insurance needs and consult with a qualified insurance professional to ensure that they have adequate coverage to protect their operations and assets in the event of an unexpected interruption.