business interruption insurance

What Does Business Interruption Insurance Cover?

Typically, business interruption insurance covers the following:
1. Lost Revenue: Compensates for income that would have been earned during the closure period.
2. Operating Expenses: Covers ongoing expenses such as rent, utilities, and salaries.
3. Temporary Relocation: Pays for the cost of moving to and operating from a temporary location.
4. Extra Expenses: Unforeseen expenses necessary to continue operations while recovering from the interruption.

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