Business Interruption (also called Business Income) coverage is one of the most important and misunderstood of all property coverage.
It’s a type of insurance that covers a business’s loss after a disaster. It may be due to disaster-related closing or the rebuilding process post-disaster. This insurance helps cover the Net Income and Continuing Normal Operating Expenses, including payroll.
Business Interruption also often covers Extra Expense, which means the necessary extra expenses businesses incur until it resumes normal operations, like rent, taxes and mortgage payments. To make sure you’re properly insured, check out Eustis’ website or call 504-586-0440.
– Steven Blumhagen, Eustis Insurance