Business Interruption Insurance

business interruption insurance

Business interruption insurance can be as important to your business as fire or earthquake insurance is to your home. It’s important to make sure you’re covered from a loss of profits due to unforeseen circumstances. Business interruption insurance protects you if your business suffers a property loss that could cause it to slow or close. Making sure that your profits are replaced while repairs are made. This means protection from a complete or partial revenue loss, depending on the time frame and the type of damage.

Business interruption insurance can replace your lost profits

From the time the loss occurs until your business is running again, having the right coverage can allow your lost profits to be replaced, and provide a source of money to pay your necessary continuing expenses, like rent, payroll, taxes, etc.

This coverage typically includes

  • Profits. Profits that would have been earned (based on prior months’ financial statements).
  • Fixed costs. Operating expenses and other costs still being incurred by the property (based on historical costs)
  • Commission and training cost. Business Interruption (BI) policy essentially covers the cost of providing training to the operators of the machinery replaced by the insurer following the insured events.
  • Extra expenses. Reimbursement for reasonable expenses (beyond the fixed costs) that allow the business to continue operation while the property is being repaired.

Let Keck Insurance help you protect your business and give you peace of mind knowing that you have the right protection for your business.  Give us a call today!

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