Skip to main content
GT-logo
  • Insurance Coveragenav-caret
    • Business Insurance
    • Employee Benefits
    • Personal Insurance
  • Industriesnav-caret
    • Industries
    • Agriculture
    • Construction
    • Financial Institutions
    • Healthcare
    • Hospitality
    • Real Estate
    • Transportation
    • Manufacturing
    • Professional Services
    • Non-Profit
  • Client Servicesnav-caret
    • Client Services
    • File a Claim/Pay a Bill
  • Aboutnav-caret
    • About Gallo|Thomas
    • Careers
    • Meet our Professionals
    • Contact
  • Resource Center
  • Insurance Coveragenav-caret
    • Business Insurance
    • Employee Benefits
    • Personal Insurance
  • Industriesnav-caret
    • Industries
    • Agriculture
    • Construction
    • Financial Institutions
    • Healthcare
    • Hospitality
    • Real Estate
    • Transportation
    • Manufacturing
    • Professional Services
    • Non-Profit
  • Client Servicesnav-caret
    • Client Services
    • File a Claim/Pay a Bill
  • Aboutnav-caret
    • About Gallo|Thomas
    • Careers
    • Meet our Professionals
    • Contact
  • Resource Center

Business Income

A building can be replaced. What about your profits?

Property, auto, and other forms of commercial insurance will cover the cost to rebuild or replace damaged property – but not the losses that can occur while your business is disrupted. Business income insurance protects your company from a loss of income caused by a shutdown of your business operations resulting from a physical loss. It can cover net profit, ongoing expenses, and even extraordinary expenses for a prescribed period of time during which business is disrupted by an unfortunate event.

40% of businesses never reopen after a disaster, and for those that do, only 29% were still operating after two years.

Ensure your business survives when operations are disrupted

Business as usual can be disrupted for any number of reasons. From natural disasters like a fire or hurricane to equipment breakdown, vandalism, loss of key personnel, or a cyber breach, a business interruption insurance policy will replace your loss of income or profits until you’re back up and running again. A typical business income insurance policy can provide coverage for:

  • Revenue. This is the income your business would have earned during the closure period if it were operating normally.
  • Rent or lease payments. Many leases require the renter to continue making payments even if the premises become unusable.
  • The expense of moving your business to a temporary location.
  • Employee wages. Essential if you don’t want to lose employees while you’re temporarily shut down.
  • Even when disaster hits, businesses are still required to pay taxes.
  • Loan Payments. Loan payments are often due monthly. Business income coverage can help you make those payments even when you can’t generate income.
  • Losses caused by damage that prevents access to a building.

Complete your business insurance coverage with business income insurance to protect against losses you endure during a disruption to normal business operations. Talk to a Gallo|Thomas Advisor today.

Related Content


We’re Here to Help

Please contact us to let us know how Gallo|Thomas can serve you

LET’S TALK
How Business Interruption Insurance Fits into Your Disaster Recovery Plan

February 5, 2018 Blog Post

Business Insurance

66-padge

Sign up to receive our newsletter

Careers

We’re always looking for talented individuals who want to further their career and grow with us.

  • Join Our Team
  • Quicklinksnav-caret
    • Resource Center
    • Contact Us
    • Client Services
    • Request a Consultation
  • Affiliationsnav-caret
IIA Logo
PIA Logo
trusted choice logo

© Copyright 2018 Gallo|Thomas Insurance  Privacy Policy  Legal Notice