Business interruption insurance, also called business income coverage, replaces lost income and helps pay ongoing expenses when a covered loss forces your business to close. In South Florida, where hurricanes can shut down a business for weeks, it can be the coverage that keeps the doors open after the storm.
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Insurance Risk Advisors compares coverage from multiple A-rated carriers for Broward, Miami-Dade and Palm Beach County.
What does business interruption insurance pay for?
It can cover lost net income, payroll, rent, loan payments and other ongoing expenses while your business is closed for repairs after a covered loss.
Extra expense coverage can help pay to operate from a temporary location so you keep serving customers.
What triggers business interruption coverage?
Most policies require direct physical damage to your property from a covered cause, such as fire or wind. Flood damage requires flood coverage.
There is usually a waiting period of about 72 hours before income coverage begins.
Want to compare your options?
We shop several carriers so you can see real prices side by side.
How much business income coverage do I need?
Think about how long it would realistically take to rebuild and reopen after a major hurricane, then estimate your income and expenses for that time.
We help you work through the numbers so your limit fits your business.
Frequently Asked Questions
Is business interruption a separate policy?
It is usually added to a commercial property policy or included in a business owners policy (BOP).
Does it cover a power outage?
Only in certain situations. Utility service interruption is often a separate option.
Does it cover closures without damage?
Usually not. Most policies require direct physical damage from a covered cause.
Get your free quote today
Request a quote online or call our Sunrise office. Insurance Risk Advisors has served South Florida for more than 35 years.
