Business Interruption Insurance
Business interruption insurance covers your actual business from the loss or damage to your income due to a loss at your business. Business interruption insurance is best explained with an example.
Sue and Mike own an ice cream shop in a leased space downtown. The income is generated through take out treats as well as some sit down business at their location. They have several freezers for storage and service, a storage area for paper goods, restrooms, and small retail area for their customers. The shop averages $700 a day and monthly income is about $21,000 in revenue. The shop nets about $1500 a month not including salaries paid to both Mary and Bob who both there together.