Business Interruption Insurance1
Business Interruption Insurance covers your business for loss of income when it cannot operate as a result of a covered loss (it is also known as business income, loss-of-profits, time element, and use-and-occupancy coverage). For instance, your business's property is untenable as a result of a covered loss, and therefore, operations must shut down. Business Interruption covers the continued business operation expenses – profits/losses that would have been earned had there been no loss. Coverage begins from the time of the loss and continues until the time that the business is back up and running at its pre-loss state.
For more information on Business Interruption Insurance options for your business and a free Business Insurance consultation, call us today at 800-322-3623 and we'll connect you with a First Midwest Business Banker.