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Business Interruption Insurance Omaha NE

Local resource for business interruption insurance in Omaha, 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.

Marcotte Insurance Agency
(402) 398-9009
366 Regency Pkwy
Omaha, NE
 
Insurance Planning Associates LLP
(402) 391-0507
7602 Pacific Street Suite 201
Omaha, NE
 
Swartzbaugh-Farber Associates Inc
(402) 397-5800
1015 N 98th St Ste 221
Omaha, NE
 
Peterson Bros Insurance
(402) 330-2048
11640 Arbor Street Ste 102
Omaha, NE
 
All American Insurance/Citywide
(402) 895-6474
4967 S 155th St
Omaha, NE
 
Johnsen Insurance Services
(402) 408-2303
1926 N 72nd St
Omaha, NE
 
Grace-Mayer Insurance
(402) 397-5050
10050 Regency Cir Ste 300
Omaha, NE
 
Dunbar Peterson Insurance Agency
(402) 341-2166
1902 Howard St
Omaha, NE
 
Hansen Agency - Omaha
(402) 333-2727
14154 W Center Rd
Omaha, NE
 
Bergmeier Jay
(402) 895-7500
16707 Q St Ste 1
Omaha, 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.