Business interruption insurance, sometimes called business income coverage, replaces the money your business would have earned if a covered event forces you to close temporarily. It addresses a cost that property insurance alone does not: the income you lose while you rebuild.
If a covered event such as a fire damages your premises and you cannot operate, business interruption coverage can replace lost net income and help cover continuing expenses like rent and payroll during the shutdown. This keeps the business alive while repairs happen.
In a state exposed to hurricanes, the ability to survive weeks of closure can decide whether a business reopens at all. Note that coverage usually follows the same rules as your property policy, so flood and windstorm terms are worth checking.
Property coverage rebuilds the walls; business interruption keeps the lights on until you reopen. Learn more about business insurance or request a quote.
Professional liability, or E&O, covers claims that your advice or services caused a client financial harm. Learn who needs it and how it differs from general liability.
Business InsuranceFlorida requires most employers to carry workers' compensation. Learn who needs it, what it covers, and how the rules apply to construction and other industries.