Business Interruption Insurance is insurance that compensates for loss of income your business
Business Interruption Insurance (BI) is a type of insurance that compensates for loss of income that you experience as a result of your business interruption. Business Interruption Insurance is a type of insurance that compensates for financial losses experienced by a business due to unexpected disruptions.
Business Interruption Insurance is a type of insurance that compensates for financial losses experienced by a business due to unexpected disruptions. These disorders can be:
1. Natural disasters, such as fires, floods, earthquakes and hurricanes.
2. Property damage, such as damage due to fire, explosion, or vandalism.
3. Theft or robbery.
4. Power loss.
5. Supply chain disruption.
6. Acts of terrorism.
BI Insurance can help cover the following costs:
1. Lost profits.
2. Ongoing overhead costs, such as rent, salaries, and utilities.
3. Additional costs for operating temporarily, such as renting a temporary location or renting equipment.
4. Pay the costs of restoring b
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