(also known as business income insurance) is a type of insurance that covers the loss of income that a business suffers after a disaster. The income loss covered may be due to disaster-related closing of the business facility or due to the rebuilding process after a disaster.
What is business income insurance coverage?
Loss of Income Insurance Helps Pay Bills and Cover Payroll If Your Business Is Interrupted. If you have a covered property loss and your business is forced to close temporarily, business income coverage can help you: Replace lost net income. Pay for continuing expenses, such as mortgage, advertising, taxes and payroll.