Business income
May help replace covered lost income and continuing operating expenses during the covered period of restoration.
A covered property loss can interrupt more than a workday. Business income coverage, often called business interruption insurance, may help with lost income and certain continuing expenses during a covered shutdown, subject to the policy’s trigger, limits, waiting period and terms.
Request a coverage reviewCall 800-310-2743Business interruption protection is generally part of or added to commercial property coverage, a business owners policy (BOP) or a commercial package policy. It is intended to address specified financial losses after a covered cause of loss damages insured property and disrupts operations. The policy wording determines whether a particular event and loss qualify.
May help replace covered lost income and continuing operating expenses during the covered period of restoration.
May help pay eligible added costs to keep operating or shorten an interruption, such as temporary space or certain relocation expenses.
Some forms address a limited period after damaged property is restored while the business works to return to normal. Terms and time limits vary.
Business income coverage works alongside property insurance. Review the building, business personal property, stock, equipment and any income or extra expense coverage together. If you already have a BOP, check the declarations and endorsements to see what is included, which limits apply and whether the selected amount reflects your operations. Do not assume a package policy covers every interruption or every source of loss.
Identify who insures the building and which improvements, equipment, inventory and tenant fixtures need attention.
Review revenue patterns, payroll, rent, debt payments and other continuing expenses with your insurance professional.
Ask whether coverage can address a key supplier, customer or nearby property disruption, and what specific endorsement or conditions apply.
Flood and windstorm are especially important to review in South Florida. Commercial property policies differ, and flood damage may be excluded or treated under separate coverage. Check the policy and endorsements for the covered cause of loss, deductible, waiting period, limit and loss-of-income treatment rather than assuming a business interruption extension applies.
Explore related commercial property insurance and Business Owners Policy (BOP) coverage.
Insurers may request additional records or a completed worksheet. Keep financial documentation current and ask how the policy calculates covered income, the restoration period and any waiting period or sublimit.
The terms are often used for related coverage. Policies commonly describe business income and extra expense coverage, but labels and coverage details differ. Review the actual form and endorsements.
No. Coverage usually has a defined trigger and conditions, often tied to covered physical damage to insured property. The policy’s exclusions and endorsements determine whether a shutdown qualifies.
Many BOPs include or offer business income and extra expense protection, but the limit, covered causes of loss and terms vary. Review your own declarations and policy documents.
It depends on the cause of loss, underlying property coverage and the specific policy wording. Flood may require separate coverage, and windstorm terms, deductibles and income extensions can vary. Ask the insurer or agent to explain the applicable forms.
Some forms apply a waiting period before coverage begins. The period of restoration is defined by the policy and can have a maximum limit. Both vary by coverage and endorsement.
Review expected income, continuing expenses, seasonality, recovery time, supplier dependencies and available policy terms with a licensed insurance professional. No single estimate fits every operation.
Use our quote request page or call 800-310-2743. Current policy documents and financial records can help start the conversation.
Direct Insurance Network can help you review business income protection alongside your commercial property or BOP coverage for operations in Broward County.
Request a quoteCall 800-310-2743Coverage descriptions are general information only. Insurance is subject to underwriting, policy terms, conditions, limitations and exclusions. A quote or coverage review does not bind coverage.
Additional information: Triple-I: Business Interruption Insurance · Travelers: Business Income & Extra Expense