Business Interruption Insurance Grand Island NE

Local resource for business interruption insurance in Grand Island, NE. Find helpful information, and listings for insurance companies that may provide business insurance coverage, operating expenses coverage, and business profits coverage, as well as information on business continuity strategies.

Lillibridge, Leigh - State Farm Insurance Agent
(308) 384-1190
523 W 3rd Street
Grand Island, NE
American Family Insurance Agent Monte Hack
(308) 389-9124
204 N Walnut St
Grand Island, NE
American Family Insurance
(308) 384-5161
2925 W Stolley Park Rd Ste C
Grand Island, NE
Farm Bureau Financial Services
(308) 382-5093
3341 State St Ste C
Grand Island, NE
Hansen Agency - Omaha
(402) 333-2727
14154 W Center Rd
Omaha, NE
Ryder Rosacker McCue & Huston
(308) 382-2330
509 W Koenig St
Grand Island, NE
Price Dee R Insurance Agcy Inc
(308) 382-1213
1300 S Locust St
Grand Island, NE
Commercial Insurance Center Inc
(308) 384-1100
2121 N Webb Rd Ste 101
Grand Island, NE
American Family Insurance
(308) 384-4188
2514 N Webb Rd
Grand Island, NE
Campbell Eberly Insurance LLC
(402) 644-3485
1021 Riverside Blvd
Norfolk, NE

Business Interruption Insurance

Business Interruption Insurance is also called Business Income Insurance. This type of commercial insurance policy covers loss of income, which is why it is also sometimes called Business Income Insurance. What it amounts to is a business insurance policy which will cover profit loss in the event of a disaster situation.

Business Income Insurance is not sold as a stand-alone policy. Typically if you want to have Business Interruption Insurance it must be added on to an existing business property insurance policy. The reason for this is that the business insurance add on will not only cover the physical damage to the business which is covered by the initial property insurance policy, but it will also cover the potential profit loss. This means that your loss of income policy covers the period of the disaster so that you would be in the same financial position you were in if no loss had happened at all. However, the overarching policy must cover the cause of the loss for the Business Interruption Insurance to pay out.

Typical coverage during the business interruption period includes profits which are based on prior month financial statements. Fixed costs such as operating expenses will also be included and reimbursement is based on the historical costs of the business, so record keeping is important. Often a temporary location for doing business will also be covered in a Business Income Insurance policy as well as reasonable expenses to continue operating the business as if no loss had occurred until the original business is restored.