Business income insurance — also called business interruption insurance — replaces lost revenue and covers ongoing expenses when your business can't operate due to a covered event like a fire, storm, or equipment failure. Your commercial property policy pays to repair the building, but who pays your rent, payroll, loan payments, and lost profits while you're shut down? Business income insurance does.
Every business with a physical location, fixed overhead costs, or revenue that would stop during a forced closure: restaurants, retail stores, offices, manufacturing facilities, medical practices, salons, auto shops, and any business that can't operate remotely if its premises are damaged.
Calculate your monthly fixed expenses plus net income, multiply by the estimated months to rebuild. Most businesses need 6–12 months of coverage. We help you run the numbers so you're not underinsured.
Business income coverage is typically included in a BOP or added to a commercial property policy for $500–$3,000/year, depending on revenue, expenses, and restoration period. It's extremely cost-effective relative to the protection it provides.
Most standard policies exclude pandemic/virus-related closures. However, civil authority coverage may apply when government orders closure due to nearby physical damage. Policy language varies — we review your specific coverage.
Get a free quote or call (321) 206-8035.