Business Interruption
Business interruption refers to a situation where a company cannot operate normally due to unforeseen events, such as natural disasters, fires, or equipment failures. This disruption can lead to a loss of revenue, increased expenses, and potential damage to the company's reputation.
To mitigate the financial impact of business interruption, many companies invest in business interruption insurance. This type of insurance helps cover lost income and ongoing expenses during the period of disruption, allowing businesses to recover more quickly and maintain their operations.