Covers the loss of income that a business suffers from an insured event. Business interruption insurance aims to provide a business whose operations have been interrupted by an insured event with income equal to what it would have earned if the event had not taken place.
Insurance Executives report 85% of commercial policies have business interruption coverage. Yet the Puerto Rican Insurance Commissioner reports that<7% sought business interruption coverage.
How Far Back Does My Coverage Go?
Coverage is provided for lost income, etc. beginning on the date of direct physical loss or damage caused by, or resulting from, a covered peril, and ending on the date when the property should be repaired, rebuilt or replaced, or the date when business is resumed at a permanent or new location.
You do not have to wait for full restoration to bring a claim. Contact us now for you free evaluation.