It is important to understand the coverage provided in your Business Income policy before suffering a loss.
Business Income losses often require more time to settle, as compared to other property losses, due to the confusion surrounding coverage availability.
When an organization suffers direct physical loss or damage to the described premises that are the result of a covered cause of loss, there is coverage for
Business Income and Extra Expense that results from the loss. The Business Income and Extra Expense limit are determined by the insured when the
policy is quoted. Coverage is provided until the insured premises repairs are completed or
until the business income limit is exhausted.
Download ISA's Business Income Coverage Flyer and Business Income Checklist |
