business interruption insurance
Business interruption insurance is a type of coverage that helps protect businesses from financial losses when they cannot operate due to unexpected events. These events can include natural disasters, fires, or other incidents that disrupt normal operations. The insurance typically covers lost income, ongoing expenses, and sometimes even relocation costs.
This insurance is essential for businesses that rely on a physical location or specific operations to generate revenue. By having business interruption insurance, companies can ensure they have the financial support needed to recover and resume operations after a disruptive event, minimizing the impact on their overall profitability.