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Daytona Beach Lawyers > Blog > Business Interruption > How To Tell If You Need Business Interruption Insurance?

How To Tell If You Need Business Interruption Insurance?


Business owners often know that they need insurance to protect their best interests, but they do not always know what type of insurance they need. If you have asked yourself in the past if you need business interruption insurance, you likely do.

Many events could destroy your business, such as a tornado or a fire, and there really is no reason to not purchase this insurance. This type of coverage will give you the reassurance that if anything happens to your business, you are protected. Below, our Daytona Beach business interruption insurance claims lawyer delves further into this type of coverage.

All Businesses Need Business Interruption Insurance 

Regardless of whether you run a small business out of your home, a medium-sized business with your own storefront, or a large corporation, you need business interruption insurance. This coverage differs from liability insurance. It does not protect your business from lawsuits but rather, natural events such as wind, fire, or lightning.

The cost of business interruption insurance is minimal, especially when you compare it to the cost of rebuilding your company in the event that it becomes destroyed. If you do not currently have this type of coverage, you should speak to your insurance company about adding it right away.

What is Covered by Business Interruption Insurance? 

It makes even more sense to purchase business interruption insurance once you know what it covers. Some of the losses that could be covered include:

  • Loan payments you cannot afford to pay while the doors of your business are closed
  • Any lost net income you suffered
  • Late fee or payments for your leases, mortgage, credit cards, and business loans, and
  • Employee payroll and taxes

The above list is not exhaustive. There are many things business interruption insurance can cover and they are all extremely important during your time of need.

What is Not Covered by Business Interruption Insurance? 

While business interruption insurance can provide you with ample protection, there are some things it will not cover. These are as follows:

  • Any inventory that was damaged due to a fire or storm
  • Any items that got broken such as windows, glass, furniture, or flooring
  • Personal belongings left in the office or store by you or your employees
  • Items that became damaged in an earthquake or flood
  • Business tools and equipment

While business interruption insurance may not provide coverage for the above items, that does not mean you are not protected. You may have other types of insurance that can provide the coverage you need. For example, if you are located in a high risk zone and you purchased additional flood insurance, you likely still have protection if your business is damaged by a flood.

Our Business Interruption Insurance Claims Lawyer in Daytona Beach Can Advise On Your Coverage 

If your company has suffered losses due to the fact that you could not conduct business, it is important to speak to a lawyer who can advise on the coverage you are entitled to. At Bundza & Rodriguez, our Daytona Beach business interruption insurance claims lawyer can review your policy to determine the coverage you have and speak with the insurance company on your behalf so your rights are upheld. Call us now at 386-252-5170 or contact us online to request a free consultation.



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