When Disaster Strikes: How Business Interruption Insurance Can Help You Recover Faster

Disasters can bring business to a sudden halt. Think about how a fire, winter storm, or severe wind could damage your business and halt operations. When operations stop, so does revenue, but expenses like rent, payroll, and utilities don’t pause. This is where business interruption insurance plays a critical role in helping your business recover.

As your insurance partner, we understand that physical damage to your property is only part of your investment. The financial impact of lost income and ongoing expenses during downtime can be devastating. Business interruption insurance is designed to cover these lost revenues and necessary expenses, giving you a financial safety net when you need it most. 

Coverage typically includes lost profits you would have earned during the closure, payment of ongoing fixed costs such as rent or mortgage payments, payroll for employees, and even expenses incurred to temporarily operate from another location. With these payments, your business can maintain essential functions and avoid long-term financial strain. 

Along with property insurance to repair or replace the real assets that were damaged or destroyed,  business interruption insurance offers protection for your business operations.  Note that coverage terms, waiting periods, and limits vary, so be sure to talk with us  to understand what is included. 

Before disaster strikes, work with us to assess your unique risks and tailor your coverage. Being proactive means less downtime, less financial stress, and a quicker return to normal operations if the unexpected occurs. 

If you haven’t reviewed your business interruption coverage recently, let’s connect. We’ll help ensure you have the protection your business deserves. 

Holly Reif is a Commercial Lines Team Leader at Knight Insurance Group.