When you visit Rasor Insurance to purchase commercial insurance for your Celina, TX business, you will find many opportunities to customize your policy. One option we recommend to every business, business interruption coverage, protects your business from financial loss in various situations.

Business Interruption Defined

Any naturally occurring event that causes your business to cease functioning for a period of time qualifies as a business interruption. Examples of this include wildfires, tornados, earthquakes, etc. A fire at your place of business also qualifies. Although not a natural hazard, if your boiler breaks down and you had it listed under potential risks covered by business interruption coverage, it covers that, too. Some policies cover shut down by civil authorities. Most policies no longer cover pandemics. Ask your insurance agent specifically what the policy you intend to buy covers.

How Business Interruption Coverage Helps

Business interruption coverage pays you for the business income lost during the event. You must show specific lost income using accepted accounting methods. If the event occurred but did not cause a loss of business income for your company, you cannot file a successful claim.
By adding this coverage to your commercial package, you will also obtain operating expenses payments, funds for loan payments, payroll, taxes, and to pay rent on a second location so that you can re-open.