Insuring your building, equipment and contents against loss is pretty much a given. But what about the profits you’re missing out on while you’re trying to get your business up and running again? For many small businesses, an extended loss of income can be difficult – if not impossible – to recover from financially. That’s where business interruption income insurance comes in.
Business interruption income protection will pay your loss of net income and continue paying normal operating expenses if you’re unable to run your business due to a loss from a covered event. The policy also includes coverage for extra expenses to help you limit your loss and/or get back to business sooner.