Business Income

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Business interruption insurance (also known as business income insurance) is a type of insurance that can be endorsed to a property policy that covers the loss of income suffered by a business when damage to its premises by a covered loss causes a slowdown or suspension of its operations.

Coverage applies to loss suffered during the time required to repair or replace the damaged property. It may also be extended to apply to loss suffered after completion of repairs for a specified numbers of days. You can also get extra expense insurance to cover expenses that arise on top of normal business expenses, but are not covered by business interruption insurance.