Property Insurance coverage covers the physical damage to the business, while Business Interruption coverage covers the profits that would have been earned by the business.

What Else Is Covered?

You may be eligible for reimbursement for reasonable expenses (beyond the fixed costs) you incur that you would not have incurred if there had been no direct physical loss or damage to property caused by or resulting from a covered loss.

  • Extra Expense means necessary expenses you incur during the ‘period of restoration’ that you would not have incurred if there had been no direct physical loss or damage to property caused by or resulting from a Covered Cause of Loss.
  • Examples: Generator power, temporary location, costs to protect property; employee termination costs.

Some policies may also provide:

  • Service Interruption – Provides coverage where losses sustained due to interruption of utility service.
  • Extended Period of Indemnity – Provides additional coverage for the “ramp-up” period of a business following reopening.

You do not have to wait for full restoration to bring a claim. Contact us now for you Free evaluation at 1-866-377-2529.