What Is Loss of Income Insurance?

Have you ever wondered what would happen if you had to close your business temporarily? That would be a complicated situation, to say the least. That’s why getting Business Income Coverage (BIC) is a decision worth considering.

What Does Business Income Interruption Cover?

Sometimes included in Business Owners Policies (BOPs), this type of insurance helps pay for operating expenses while your business is closed for restauration. The costs covered may include lost net income (based on financial records), mortgage, rent, loan payments, taxes, and payroll.

Business Income Interruption Insurance does not offer coverage in other cases, like items broken as a consequence of a covered event, flood or earthquake damage, utility damage, and losses caused by a pandemic.

How Much Coverage Does Your Business Need?

Our agents will help you design a policy that offers the protection you need to ensure the continuity of your business.

As you weigh your alternatives, keep in mind that most people tend to underestimate how long it takes to reopen a business after a disaster. In order to be effective, your policy should cover your company for a reasonable length of time.

We will help you assess this and other factors to determine how much coverage you need.

Call (951) 547-4240

Contact our Experts in Business Insurance

Talk today with one of our agents and find the best way to manage the risks you face as a business owner, including loss of income.

Contact us and discover why we are one of the best insurance agencies in California. Our experience, dedication, and large portfolio of carriers are the keys that allow us to provide our clients with dependable coverage at the most convenient rates.