Business interruption insurance can cover your losses of revenue which your business would have normally realized. Furthermore, business interruption insurance usually covers you for a finite period of time, so the coverage period could be for two weeks, one month, three months worth of coverage, or any amount you purchase. If you have a business owners policy (BOP), and you are unsure if you have this important coverage, we would be glad to take a look at no charge to you, and let you know. Often times the coverage is included in a BOP, but sometimes you have to buy it separately. You would need an experienced public adjuster on your side, to fight your business interruption claim.
Thus, business interruption is a specialized type of claim which will involve a history of your company’s revenue over the prior years. This often leads to speculation: How much money would your company have earned if it never experienced the interruption in the first place? The process involves putting together a claim, using the available data of past profit and loss, including special calculations for workers, board members, and taking into account, extra fixed costs which continued occurring during the loss period. I encourage you to let a professional public adjuster look at your claim before you let your insurance company handle it.
