Business Interruption Insurance
What Is Covered?
Another bonus that comes with business interruption insurance is coverage of fixed expenses like rent or electricity. Typically 23 percent of all sales go toward operating costs and even though your business is closed, you’ll still owe monthly bills.
Instead of eating into your profit, this coverage can help pay for those bills. If you’re comparing policies, make sure to look for one that includes extended coverage. Some policies will only include a few days’ worths of coverage when it can take much longer to bounce back.
As for covered loss, your business interruption loss rider will mirror what’s in your main policy. If theft isn’t covered, it also won’t be covered by your business interruption policy.