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Business Interruption Insurance

According to a recent survey from global insurer Allianz, the annual number of natural disasters has risen from 400 major incidents in a typical year to more that 600. Now may be a good time for business owners to consider Business Interruption Insurance.

Business Interruption Insurance covers the loss of income that a business suffers after a disaster. This type of policy differs from property insurance. Property insurance only covers the physical damage done to a business structure, while Business Interruption Insurance covers the profits that would have been earned.

Business Interruption Insurance could be vital to the survival of a company. The following are generally covered under a Business Interruption policy:

  • Profits: Covers the revenue that you would earn based on financial records had the disaster not occurred
  • Extra Expenses: Reimbursement for reasonable expenses that allow the business to continue to operate while the property is being repaired
  • Fixed Costs: Operating expenses, like rent or electricity that are still being incurred by the property even though business activities have come to a temporary halt
  • Civil Authority: Government-mandated closure of a business due to street closures or issued curfews

After a major disaster, it usually takes more time to get back on track than what business owners anticipate. Investing in a Business Interruption Insurance policy will ensure that your business, profits and employees are adequately covered. To learn more or add this policy to your businesses property insurance policy, contact McLean Insurance at 703-790-5770.

Why Choose McLean Insurance For
Your Business Interruption Insurance?

Our Customers Love Us

Great Risk Management Partner - McLean Insurance Agency with their ability, experience and desire to work with landscape companies...were easily able to create coverage for my initial company size. More importantly, they have been there to help me with all my insurance questions and needs as my company has grown

Denny S.
May 8, 2015

Professional, Expeditious & Convenient - In the contracting business, it is imperative that both bonds and insurance certificates be issued to General Contractors in a timely manner. I appreciate the fact that I can call your firm and receive the bonds the next day. I have recommended several people to... Show All

Professional, Expeditious & Convenient - In the contracting business, it is imperative that both bonds and insurance certificates be issued to General Contractors in a timely manner. I appreciate the fact that I can call your firm and receive the bonds the next day. I have recommended several people to you because of the ease in doing business with you and your professionalism at all times.

Stephanie G.
May 8, 2015

Mananging Partner - Have found that the service from McLean staff has been the key factor in why we stay with McLean. Responsive to our needs, be it personal or professional, is first rate. Service is paramount at every level, which is critical. Great firm with great employees.

Willem P.
May 5, 2015

Consistent, Timely & Accurate Advice - We have had the pleasure of dealing with Young Kim at McLean Insurance Agency on the various type of insurance that our construction business requires. The different limits and the heavy requirements for certificates including those forms and wordings have always kept owners of... Show All

Consistent, Timely & Accurate Advice - We have had the pleasure of dealing with Young Kim at McLean Insurance Agency on the various type of insurance that our construction business requires. The different limits and the heavy requirements for certificates including those forms and wordings have always kept owners of construction companies awake however with Young, I never had to worry about any of those requirements.

Also, his aggressiveness to find the right policies has helped me stay insured even after different unfortunate claims hurting my experience modification. We have always had professional and personal attention by Young and members of his team. But perhaps just as important, members of McLean Insurance Agency have consistently provided advice and counsel that was accurate and timely. Any individuals who we have been referred to the agency have responded to us with positive feedback and thanks.

Rodolfo G.
Apr 20, 2015

Like A Partner To Our Firm - We have for the past 20 years, always relied on McLean to keep us informed and insured cost-effectively.

Stanley
Apr 15, 2015

We have been with McLean Insurance for 5 years now and could not be more pleased. They handle our entire line of business insurance. They are very attentive, professional and offer great advise. The one time we had to file a claim, they were very quick on their response and... Show All

We have been with McLean Insurance for 5 years now and could not be more pleased. They handle our entire line of business insurance. They are very attentive, professional and offer great advise. The one time we had to file a claim, they were very quick on their response and the claim was handle immediately. I would highly recommend them.

Randy Davis
Apr 14, 2015

Perfect Insurance Partner! - McLean Insurance not only provided us with the right insurance for our business but also provided us with additional information and guidance that only years of experience dealing with people and businesses can develop. It was this experience that we used to help make successful business decisions... Show All

Perfect Insurance Partner! - McLean Insurance not only provided us with the right insurance for our business but also provided us with additional information and guidance that only years of experience dealing with people and businesses can develop. It was this experience that we used to help make successful business decisions as we launched our new restaurant. Our hats are off to you and your team and look forward to the future as we expand with you as our partner. It is obvious whom we will recommend when asked, "Do you know a good insurance agency?"

Jim M.
Dec 29, 2014

Great Job - Doug and his team at McLean have done a great job supporting our full range of insurance needs as our company has transitioned from start-up to established growth company. We can always count on Doug to help us match our special circumstances to the best and most... Show All

Great Job - Doug and his team at McLean have done a great job supporting our full range of insurance needs as our company has transitioned from start-up to established growth company. We can always count on Doug to help us match our special circumstances to the best and most affordable insurance products.

Daniel N.
Dec 18, 2014

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FAQ

What is Business Interruption with Extra Expense or loss of income coverage?

Business interruption insurance (also known as business income insurance) is a type of insurance that covers the loss of income that a business suffers after a disaster. The income loss covered may be due to disaster-related closing of the business facility or due to the rebuilding process after a disaster.

What is Extra Expense Coverage?

Commercial property insurance that pays for additional costs in excess of normal operating expenses that an organization incurs to continue operations while its property is being repaired or replaced after having been damaged by a covered cause of loss.

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