Business Interruption Insurance Washington DC

Local resource for business interruption insurance in Washington, DC. 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.

The McLaughlin Company
(202) 293-5566
1725 DeSales St., NW
Washington, DC
Alliance Insurance Services Inc
(202) 638-1010
1660 L St., NW #308
Washington, DC
Chubb & Son, Inc.
(202) 822-3200
1920 L Street, NW Suite 700
Washington, DC
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State, WA
Alternate Phone Number

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(981) 111-1111
street City
city, GA
Alternate Phone Number
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Answer Title & Escrow LLC
(202) 204-0600
10 G St., NE
Washington, DC
District of Columbia Insurance Federation
(202) 797-0757
P.O. Box 34757
Washington, DC
Davis Planning Associates, Inc
(202) 429-9393
1625 K St., NW
Washington, DC
Guardian Property & Casualty Company, Inc
(202) 204-8700
Washington, DC
Marsh USA Inc.
(202) 263-7600
1255-23rd Street, NW
Washington, DC

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.