Basics of Business Interruption Insurance
2 Min Read By HUB International Limited
Forty percent of small businesses close their doors following a disaster and never reopen. Preparation means making sure you’re covered when the unexpected arises.
Business interruption policies cover the total loss of income after a disaster or business disruption that closes a business and necessitates rebuilding to get up and running again.
Business interruption policies cover the total loss of income after a disaster or business disruption that closes a business and necessitates rebuilding to get up and running again.
Property Insurance + Business Interruption Insurance
Property insurance covers the replacement or repair of your business’s damaged physical property. It takes a physical loss or damage to property to trigger the coverage. Policies vary depending on the type of event leading to a loss and what, specifically, is insured.
Business interruption starts where property insurance leaves off. When the physical loss affects the operation of the business, it covers…
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