Business Interruption Insurance

With thousands of businesses closed due to stay-at-home orders for the COVID-19 / coronavirus outbreak, the financial survival of many small and medium-size businesses is in danger. Many businesses have what is called “business interruption” insurance (typically as part of a business owner’s policy) that covers unexpected costs or loss...
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Business interruption insurance is a type of insurance that reimburses the policyholder for lost income and helps pay for expenses when a business is affected by a particular “peril.” Business interruption insurance is also sometimes referred to as “business income coverage” or “contingent business interruption insurance.” Business interruption insurance is...
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