Business Interruption Insurance: Who Qualifies and What You Get
Learn how business interruption insurance helps replace lost income if your physical business location or equipment is damaged.
Business interruption insurance is a type of coverage designed to replace lost income if your business is unable to operate due to physical damage.
Who it's for
This coverage is for business owners who operate from a physical location or rely on specific equipment to run their business.
What you get
If your business location or essential equipment is damaged, this insurance helps replace the income you lose while you are unable to operate.
What it costs you
This is not a standalone government program; it is an additional cost added to your existing commercial property policy.
The catch to know
Many standard policies exclude coverage for pandemics or specific natural disasters. You must check your policy to see if these specific events are explicitly included.
How to apply
- Review your current commercial property insurance policy.
- Contact your insurance provider to ask about adding interruption coverage.
- Confirm exactly which disasters or events are covered under the policy.
- Finalize the coverage terms with your private insurance carrier.