Business interruption insurance is similar to business income loss insurance, in that they can both provide coverage for employee wages and mortgage payments in the event that your business is interrupted in operation by an outside event such as natural disaster or theft or vandalism. Business interruption insurance provides further coverage than that of business income loss insurance.
Business interruption insurance can provide policyholders coverage for the anticipated loss of revenue during the time that the business is not in operation. It can also provide for relocation costs, new advertising costs and more. The details of a business interruption insurance policy are detailed; if you have any questions or have a current business interruption claim with your insurance company that is being delayed, denied or underpaid, please contact Merlin Law Group at 877-449-4700 for a free consultation.
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