Business Interruptions Insurance

Running a business comes with risks, and unexpected disruptions can have a significant financial impact. Business Interruption Insurance helps protect businesses from lost income and operating expenses in the event of a covered disaster that temporarily halts operations. Whether due to fire, natural disaster, or other covered perils, this coverage ensures that your business can recover financially while you get back on your feet.


A Business Interruption Insurance policy typically includes coverage for:


  • Lost revenue due to a temporary closure
  • Operating expenses, including rent and payroll
  • Loan payments and tax obligations
  • Relocation costs if a temporary location is needed
  • Extra expenses incurred to resume operations


At McShea Insurance, we help businesses assess their risks and secure Business Interruption Insurance that provides financial stability when unforeseen events threaten their operations.

Who Needs Business Interruption Insurance?

Any business that relies on a physical location or consistent operations to generate revenue should consider Business Interruption Insurance. Industries that commonly require coverage include:


  • Retail Stores
  • Restaurants and Cafes
  • Manufacturing and Warehousing
  • Professional Offices (e.g., law firms, accounting firms)
  • Healthcare Facilities
  • Hotels and Hospitality Businesses

FAQs

  • Does Business Interruption Insurance cover pandemics or government shutdowns?

    Generally, Business Interruption Insurance does not cover pandemics, government-mandated shutdowns, or infectious disease outbreaks. Many policies have specific exclusions for viruses or pandemics. However, it’s essential to review your policy and discuss additional coverage options with an insurance professional.

  • What should I look out for in a Business Interruption policy?

    When choosing a Business Interruption Insurance policy, consider the following key factors:


    • Waiting Period: Most policies have a waiting period (e.g., 24-72 hours) before coverage begins.
    • Coverage Limits: Ensure your policy provides sufficient coverage to sustain your business during an extended closure.
    • Covered Perils: Verify which types of disasters or disruptions are covered under the policy.
    • Extra Expense Coverage: This can help cover costs associated with expediting your business’s reopening.
    • Contingent Business Interruption: Protects against losses caused by supply chain disruptions or damage to a key supplier.

  • How much does Business Interruption Insurance cost?

    The cost of Business Interruption Insurance depends on factors such as:


    • Business size and industry
    • Revenue and operating expenses
    • Number of employees
    • Coverage limits and duration
    • Risk exposure and location

    At McShea Insurance, we work with you to determine the right coverage and pricing for your business’s unique needs.

  • Can I customize my Business Interruption Insurance policy?

    Yes! Business Interruption Insurance can be tailored to suit your business’s specific risks. Common endorsements include:


    • Extended Business Income Coverage: Covers lost income beyond the standard policy period.
    • Dependent Property Coverage: Covers income losses caused by disruptions to key suppliers or partners.
    • Civil Authority Coverage: Covers losses due to government-ordered closures in response to a covered event.

Get Started Today

Protect your business from financial loss due to unexpected disruptions with Business Interruption Insurance. Contact McShea Insurance today to speak with an agent and customize a policy that fits your business’s needs.

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