Business Interruption Insurance is a type of coverage that helps businesses recover lost income during periods when they cannot operate due to unforeseen events. These events can include natural disasters, fires, or other incidents that damage property and disrupt normal operations. This insurance helps cover ongoing expenses, such as rent and salaries, while the business is temporarily closed.
This insurance is essential for businesses that rely on consistent revenue to maintain operations. By providing financial support during challenging times, Business Interruption Insurance allows companies to stabilize and eventually resume their activities without facing severe financial strain.