Business Interruption Insurance
On Business Interruption Insurance
Protect Your Business from Unexpected Losses
Safeguard Your Business Income with Comprehensive Business Interruption Insurance
When disaster strikes, your business could face unexpected closures, revenue loss, and mounting expenses. Business Interruption Insurance from Newgen Insurance Broking Pvt. Ltd. ensures that your company remains financially stable, even in the face of disruptions. Whether it’s a natural disaster, fire, or cyberattack, our policies help you recover lost income, cover ongoing expenses, and keep your business on track.
Get a free business interruption insurance quote today and safeguard your financial future!
What is Business Interruption Insurance ?
Business Interruption Insurance (BI Insurance) provides financial protection when your business operations are temporarily halted due to covered perils. Unlike standard property insurance, which covers physical damage, business income insurance compensates for lost revenue, operating costs, and employee wages while your business recovers.
Key Benefits of Business Interruption Insurance Coverage :
- Covers Lost Revenue – Replaces lost business income during forced closures
- Covers Fixed Expenses – Rent, utilities, payroll, and loan payments continue to be covered
- Provides Temporary Relocation Assistance – Covers costs of moving to a temporary location
- Covers Extra Expenses – Any additional costs needed to resume operations faster
- Cyber Business Interruption Protection – Helps recover lost income from cyberattacks
What Does Business Interruption Insurance Cover ?
A business interruption policy typically covers:
Lost Business Income
Compensation for revenue lost due to forced closure
Based on historical financial data to ensure accurate coverage
Fixed Expenses & Operating Costs
Covers rent, utilities, loan payments, and employee wages
Helps maintain business continuity until normal operations resume
Temporary Relocation Costs
Covers rent and equipment costs if you need to move to a temporary location
Extra Expenses
Any additional costs required to restart business operations quickly
Cyber Business Interruption
Covers lost revenue from cyberattacks, ransomware, or data breaches
Civil Authority Closures
Coverage for government-mandated shutdowns (e.g., road closures, evacuations)
Types of Business Interruption Insurance
Different businesses require different types of coverage. Here are the most common business disruption insurance policies:
1. Standard Business Interruption Insurance
- Covers lost income and operating expenses due to covered disasters (fire, storms, vandalism)
2. Contingent Business Interruption Insurance
- Covers income loss caused by disruptions to key suppliers or partners
3. Cyber Business Interruption Insurance
- Protects against business income loss from cyberattacks and ransomware
4. Business Continuity Insurance Coverage
- Provides extended coverage beyond standard policies for long-term closures
5. Extended Business Interruption Coverage
- Covers lost income even after your business reopens, allowing time for full recovery
Why Choose Newgen Insurance Broking Pvt. Ltd. for Business Interruption Coverage ?
At Newgen Insurance Broking Pvt. Ltd., we go beyond just offering a policy—we provide expert guidance, tailored coverage, and seamless claims support.
Comprehensive Coverage
We offer protection for natural disasters, cyberattacks, and supplier failures
Fast Claims Processing
Get your claims approved quickly so you can recover faster
Affordable Premiums
Competitive rates tailored to your business needs
Expert Support
Our insurance professionals guide you through the process
How Much Does Business Income Insurance Cost ?
The business income insurance cost varies based on several factors:
- Industry & Business Type – High-risk industries pay higher premiums
- Annual Revenue – Higher revenue means larger potential losses, increasing costs
- Coverage Limits – The more coverage you choose, the higher the premium
- Location & Risk Factors – Businesses in disaster-prone areas may have higher premiums
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Email Us: info@insuranzee.com
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Frequently Asked Questions
1. What is business interruption insurance coverage ?
Business interruption insurance helps businesses recover lost income and cover expenses when operations are disrupted due to covered perils like fires, storms, or cyberattacks.
2. How is business interruption insurance different from property insurance ?
Property insurance covers physical damages, while business income insurance covers lost revenue and operational costs during a closure.
3. How do I calculate how much business interruption insurance I need ?
Your coverage should be based on historical revenue, fixed expenses, and estimated recovery time. An Newgen Insurance Broking Pvt. Ltd. expert can help determine the right coverage amount.
4. Does business interruption insurance cover pandemics ?
Most standard business disruption insurance policies do not cover pandemics unless explicitly stated. However, you can explore specialized coverage options.
5. How long does business income insurance coverage last ?
Coverage typically lasts until your business resumes normal operations, with options for extended coverage if recovery takes longer.
