Loss of Income Coverage
What is Loss of Income Coverage?
If you have a covered property loss, and your business is forced to close temporarily, business income coverage can help you. It will replace lost net income, pay for continuing expenses, such as mortgage, advertising, payroll, also relocating expenses and advertising fees if you have to set up shop at a temporary location.
Business income insurance works in conjunction with your property policy and provides coverage for events beyond your control such as fire, wind, vandalism, and water damage. There are other endorsements that broaden the loss of income coverage, give us a call and we will tell you about it.