Coronavirus Lawyer Deerfield Beach: How Can Business Interruption Coverage Help Your Business?

Business interruption insurance acts as a buffer for businesses. It helps protect businesses against lost income after a covered peril affects a business. Covered perils typically include theft, fire, wind, falling objects or lightning. It will be beneficial to you if you go over your business insurance with a Coronavirus Lawyer Deerfield Beach. Business interruption coverage can help reimburse you in two ways:

  • For lost income – From the destroyed merchandise (minus expenses you may have already paid, such as shipping). Your pre-loss earnings are the basis for reimbursement under business interruption coverage. Lost earnings, also known as the actual losses sustained, are typically defined as revenues minus ongoing expenses.
  • For extra expenses – If you must temporarily relocate your business because of the fire (for example, the cost of rent at the temporary location).

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