Lost operating income
The applicable limits, conditions, deductibles, and exclusions depend on the selected policy and risk.
Commercial coverage
Business Income & Extra Expense
Coverage for qualifying income loss and added expenses after a covered interruption.
What Business Income & Extra Expense Can Address
Business income coverage can help replace lost operating income and continuing expenses when a covered property loss interrupts operations. The restoration period and operational dependencies are central to selecting a limit.
Continuing necessary expenses
The applicable limits, conditions, deductibles, and exclusions depend on the selected policy and risk.
Extra expense to reduce downtime
The applicable limits, conditions, deductibles, and exclusions depend on the selected policy and risk.
Who commonly reviews this coverage
- Businesses dependent on a physical location or critical equipment
- Property owners relying on rental income
- Operations with long equipment, permitting, or reconstruction timelines
Details to examine
Realistic period of restoration and extended income needs
Connect this point to the operation, contracts, current values, and requested policy structure.
Payroll, ordinary payroll, rents, and continuing expenses
Connect this point to the operation, contracts, current values, and requested policy structure.
Utility, supplier, customer, civil authority, and dependent-property exposure
Connect this point to the operation, contracts, current values, and requested policy structure.
Prepare for a useful quote
Current, specific information helps an underwriter understand the risk and reduces avoidable follow-up.
- Income statements and revenue trends
- Continuing expenses and payroll structure
- Continuity plan, critical equipment, suppliers, and recovery timeline
Prepare for every stage of the Business Income & Extra Expense decision
Use these focused guides to compare policy structure, prepare a submission, review contracts, plan for claims, and identify gaps before buying or renewing coverage.
Coverage Basics
Understand the purpose, common uses, and important boundaries of this coverage before comparing terms.
Open this guide →Cost Factors
Review the operating details that can influence eligibility, pricing, deductibles, and available terms.
Open this guide →Limits and Deductibles
Connect credible loss scenarios with policy limits, sublimits, aggregates, deductibles, and retained risk.
Open this guide →Quote Preparation Checklist
Organize current, specific information that helps a specialist and underwriter understand the account.
Open this guide →Renewal Checklist
Use renewal as a structured review of operational changes, values, exposures, losses, and policy terms.
Open this guide →Claims Readiness
Prepare reporting, documentation, decision authority, and continuity procedures before a loss occurs.
Open this guide →Contract Requirements
Compare insurance requirements in leases, customer agreements, loans, and vendor contracts with the actual policy.
Open this guide →Common Coverage Gaps
Identify exposures that may sit outside the policy or require endorsements, separate coverage, or higher limits.
Open this guide →Loss-Control Priorities
Connect practical controls with the incidents most likely to interrupt the business or create a severe claim.
Open this guide →Questions to Ask Before Buying
Turn a proposal into a focused conversation about covered parties, triggers, limits, exclusions, and claim response.
Open this guide →Review related insurance terminology
Use the commercial insurance glossary to clarify common policy, limit, valuation, and underwriting terms.
Open the glossary →Fit the coverage to the business
These descriptions are general and do not amend any policy. Eligibility, availability, limits, deductibles, exclusions, and terms vary. Review actual policy documents with an appropriate insurance professional.