Business interruption insurance
Business interruption insurance makes up for lost income when a covered loss — like a fire or water damage — forces you to slow down or stop. Without it, the impact can be heavy, on top of an already difficult event.
At Univesta, our job is to guide you with clarity and straight talk. Our experience helps you understand your risks and what an interruption really means, so we can put the right coverage in place to keep your business going.
Essential coverage to keep your operations going
Business interruption insurance is there to support your business financially when a loss forces you to interrupt or slow your activities.
Say a fire breaks out in your shop and you have to close temporarily for repairs — you could lose significant income while still carrying certain expenses.
This coverage can include:
- lost income (what your business would normally have earned)
- fixed expenses, like rent, electricity, or certain wages
- certain extra costs to speed your recovery (e.g. a temporary relocation)
Keep in mind that this coverage generally works alongside another one — such as property insurance — which has to recognize the loss first. Certain exclusions may apply, depending on your policy. Reach out to our experts today to put a plan in place that fits your reality.
FAQ
Have questions about your coverage? Find quick answers to the ones we hear most often.
If your situation needs a closer look, or your question isn’t here, our team is happy to help. Reach out for answers tailored to you: 1 833 789-9203.
Mainly your lost income, along with certain fixed business expenses.
Generally after a covered loss, like a fire or water damage.
The amount is based on your past income and your business’s financials, up to the limits set in your policy.
Coverage applies for a set period — the indemnity period — defined in your policy.
Yes — a waiting period can apply. It works like a deductible, but in time rather than dollars.
Some situations can be excluded — such as pandemics or certain breakdowns with no physical damage — depending on your policy terms.
You’ll need to provide financial documents, like your financial statements or accounting reports, to show the losses you’ve taken.
The cost depends on several factors — the size of your business, what you do, and the associated risks.
It depends on whether you could weather an interruption with no income. For many businesses, this coverage is essential to staying afloat.
Why work with a business insurance broker
An independent broker works for you, not for an insurer — comparing offers, advising you, and standing up for your interests at every step.
Access to multiple insurers
Your broker shops the market for you across a range of insurers and brings you the best options. The result: coverage that genuinely fits the way you do business.
Advice built around you
No off-the-shelf solutions here. Our experts look at your situation, the risks in your sector, and what you actually need, then recommend coverage that’s right-sized — neither too much nor too little.
An ally at claims time
When something happens, your broker is on your team — guiding you through the claim, defending your interests with the insurer, and making sure your business gets everything it’s entitled to.
What matters to you matters to us.
We take the time to really understand your situation, so we can protect you better.