What is the Best Business Interruption Insurance?

December 14, 2017

Protect Your Income Following a Property Loss

Business Income or Interruption insurance provide coverage for the loss of income that follows a loss to property (business personal property or buildings) that is also covered under a package or businessowners policy. Example:

A businessowners policy that covers a fire damaging your business personal property prevents you from operating your business as profitably as it was prior to the loss. The business interruption/income insurance picks up the income lost resulting from the fire.

Lost Business income that is covered includes:

Profits
Operating Expenses
The costs that increase in order to maintain previous income

The difference between business interruption/income insurance and property insurance is:

Property insurance covers the direct physical loss to the property that was damaged.
Business income/interruption insurance pays for the resulting loss of income because of the loss of the use of the covered property (business personal property or buildings).

A business interruption insurance policy has a coverage limit. That limit is the maximum amount that will be paid to you by your insurer for a covered claim. Financial losses above that coverage limit will be your responsibility. That makes it vitally important to secure the coverage limits that are the best fit for your business. Discussing your specific circumstance with an independent insurance agent is an effective way of determining the right coverage for you.

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Auto Rates and Finger Prints: Both are Unique to You!

By Jeff Ryan • April 7, 2026

Factors You Can’t Easily Control These factors are built into your profile, but still play a major role: Your location: Claim trends, traffic, and weather patterns where you principally drive. Your age and driving experience: Especially for younger drivers. Other drivers in your household: Their age and driving history. The vehicle you own: Unique to the Year, Make, Model, and Sub-model’s damageability and cost of parts/labor. These factors significantly influence price differences, but they don’t tell the whole story. Factors You Can Control This is where habits and wise decisions can make a real difference: Your driving habits: Minimizing tickets and accidents can have a direct impact. Your coverage choices: Liability limits, deductibles, and optional coverages can vary widely. Your insurance consistency: Avoiding lapses in coverage. Your annual mileage: How much and how often you drive. Discount opportunities: Bundling, pay-in-full, NYS defensive driving course. Your Insurance Score (Yes—You Can Influence It) Insurance companies use a credit-based insurance score as part of their rating process. While it’s based on financial behaviors, it is not permanent—and it can be improved over time. Simple habits like: Paying bills on time Reducing outstanding debt Avoiding excessive credit inquiries… can positively impact your score—and in turn, your insurance rates. Your insurance score is under your control and a worthy mid to long-term project in and of itself. For more information on what you can do to positively influence your score, see: Great 8 Tip #8 - What's Credit Got to Do with Insurance? How Can I Improve My Auto Insurance Score Why Comparing Rates Doesn’t Work When someone says, “I only pay…” , the uniqueness of their fingerprint is missing. What are their: Deductibles Driving history Insurance score Household profile Coverage limits: what they may be giving up in terms of protection. Price without context can be misleading and discouraging.