Business Interruption Insurance

Business Interruption Insurance

Business interruption insurance covers loss of income suffered when damage to premises causes a slowdown or suspension of operations during the time required to repair or replace the property.

This type of coverage can be added to the property insurance policy or comprehensive insurance policy. Since business interruption is included as part of the primary policy, it only pays out if the cause of the loss is covered by the overarching policy.

Risks to your business

You have built a strong and profitable business over the years and have a solid reputation with your suppliers and customers. It’s not uncommon for interruptions to occur due to disasters, natural or otherwise. In today’s world, there are many risks that can render a business inoperable.

Business interruption evaluation

Reliance Insurance can help conduct an investigation and assessment of vulnerable areas your commercial enterprise may be exposed to if there’s a catastrophic or smaller localized event. Your policy will cover continuing expenses and lost profits.

We will help identify expenses and determine adequate coverage:

• Rents or mortgage payments
• Salaries, wages, and benefits
• Power, light and heat
• Professional fees
• Interest on bank loans
• Taxes
• Insurance

We will also evaluate lost operations and revenue streams:

• Fulfillment of current orders
• Brand damage and loss of customers
• Ability to rebuild or restart the business
• Re-staffing and training