We all know that property insurance protects against physical property losses resulting from a covered peril, but what about non-physical damage, such as loss of business income? Is that covered under your policy? For those of you without “Business Interruption” coverage the answer is “no,” and for those of you that do have “Business Interruption” coverage, the answer is “maybe.”
“Business Interruption” coverage provides protection to the policyholder from disruptions of business due to covered perils that damage the policyholder’s property. The coverage supplements the insured’s lost income while...
