business interruption claims

Business interruption claims are requests for compensation filed by businesses when unforeseen events—like natural disasters, fires, or other disasters—disrupt operations. These claims cover lost income and additional expenses incurred while the business cannot operate normally. Essentially, if a business’s revenue declines due to an insured event, the claim helps cover ongoing expenses, like payroll and rent, so the business can recover without severe financial strain. It ensures that a temporary shutdown doesn't lead to long-term financial damage, providing a safety net during unexpected disruptions.