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Business Income & Extra Expense

Business Interruption Insurance

Insurance experts estimate that Business Interruption Insurance (also known as Business Income Insurance) is one of the most valuable insurance coverages available. Property Insurance covers the physical loss or damage to real property, while Business Interruption Insurance covers the loss of income a business sustains when covered cause of loss causes a slowdown or suspension of its business operations.

What does Business Interruption Insurance Cover?

  • Covers the profits that would have been earned (based on previous financial records) had the covered loss not occurred.
  • Covers operating expenses, such as utilities, that must be paid even though the business is not operational.
  • Covers  increased expenses incurred.

Business Income Terms to Understand:

  • Actual Loss Sustained
  • Co-Insurance
  • Monthly Indemnity
  • Period of Restoration
  • Extra Expense
  • Contingent Business Income
  • Time Element Coverage

Consult Allied Insurance Managers, Inc., today to learn about all of our business continuity resources.

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