Has your business Suffered a Loss Due to Interruption?

Business interruption claims or “BI” claims are designed to compensate businesses for lost income due to covered causes of loss, including direct physical loss or damage, under the applicable policy.  These claims are intensive, requiring evidence that that the event causing the disruption was covered under the policy, proofs of loss, and financial documentation.  These expenses may include the usual revenue your business would make if it was operational, mortgage/lease/rent payments, loan payments, taxes, payroll, and relocation costs.  Another important calculus in your business income claim is the applicable policy’s “restoration period,” or the length of time the policy will pay for a covered loss.