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Business Income & Extra Expense Coverage is a critical component of a Business Owner’s Policy (BOP) that protects your company’s cash flow after a covered property loss. If your business is forced to temporarily shut down or reduce operations due to events such as fire, theft, vandalism, or severe weather, this coverage helps replace lost income and pay essential expenses while repairs or rebuilding take place.
Business Income Coverage reimburses the revenue your business would have earned if the interruption had not occurred. This includes ongoing expenses such as employee payroll, rent or mortgage payments, utilities, loan obligations, and taxes helping you stay financially stable during downtime.
Extra Expense Coverage pays for necessary additional costs required to keep your business operating or to speed up recovery. These expenses may include temporary office space, equipment rentals, expedited shipping, or relocation costs. Together, these coverages reduce financial strain and help your business resume normal operations faster.
This coverage is essential for businesses that rely on physical locations or equipment, including:
Retail and wholesale businesses
Restaurants and hospitality operations
Office-based and professional service firms
Medical, dental, and healthcare practices
Manufacturing and light industrial businesses
If a temporary shutdown would impact your ability to pay expenses or serve customers, this coverage is a smart and necessary investment.
No two businesses are alike. We tailor your Business Income & Extra Expense Coverage based on your industry, revenue, operating expenses, and risk exposure.
When an interruption occurs, timing matters. Our team helps you navigate the claims process efficiently so funds are available when you need them most.
With years of experience serving small and mid-sized businesses, we understand how operational disruptions impact real-world cash flow.
We don’t disappear after the policy is issued. Our advisors provide ongoing guidance, coverage reviews, and adjustments as your business grows.
It reimburses your business for the income you would have earned if your operations hadn’t been interrupted by a covered loss such as fire, theft, or storm damage.
It pays for additional costs required to keep your business running after an interruption—like renting equipment or securing a temporary office.
Yes, it’s a standard part of most Business Owner’s Policies, offering a convenient, bundled approach to property and income protection.
Only those specifically listed in your policy. Events like pandemics or utility failures may require separate endorsements or specialized coverage.
Coverage typically lasts throughout the period of restoration, ending once your property is repaired or normal operations resume.
They evaluate your previous financial statements, expense reports, and projected revenue to determine an accurate loss estimate.
Because even brief closures can disrupt payroll, customer service, and cash flow. This protection helps stabilize finances and ensures continuity.
