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Business Interruption Insurance

Business Interruption Insurance (also known as business income insurance) from The Rice Agency, Inc. is a type of insurance that covers the loss of income that your business suffers after a disaster to help you pay bills, cover payroll, & replace lost income. The income loss covered may be due to a disaster-related closing of the business facility or due to the rebuilding process after a disaster. It is one of the core coverages of a BOP (Business Owner's Policy) that can help your business stay afloat when disaster strikes!

What Business Interruption Insurance Covers

If your business is forced to move or rebuild because of a disaster such as a fire, business interruption insurance can help reimburse you for:

  • Lost profits
  • Mortgage/rent
  • Utilities
  • Taxes
  • Payroll
  • Advertising
  • Relocation fees

Business interruption insurance works in conjunction with your commercial property insurance. For instance, if your business in PA, MD, WV, or VA suffers a fire, your commercial property insurance would cover the physical damages & the business interruption insurance would cover the lost net income.

Besides a fire, other examples of covered events include wind, hail, vandalism or damage to your building or equipment. Closures caused by flood, earthquakes or broken glass typically are not covered in a business interruption policy.

Get a fast & free Business Interruption Insurance quote from The Rice Agency, Inc. today and save up to 30%!

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