Business Interruption Insurance covers your loss of income if a catastrophe or accident shuts your business down. Floods, fires, hurricanes, tornados, and other unexpected devastating events do occur. If you are unable to operate your business, what happens to your income?
Depending on the type of policy available and the type of perils the policy covers, if you are unable to conduct business, insurance may pay the income you lose as the result of a loss (catastrophic or accidental).
The type of catastrophes covered vary regionally based on the local risks for certain types of natural disasters. Check with your insurance agent about what is available in your area, what it costs, to determine whether this is a risk you would like to have covered.
