Business income coverage for professional firms.
If a covered property loss, a fire, water damage, or a major equipment failure, forces your firm to stop operating, business income coverage replaces the revenue you lose while you recover.
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What it covers
Business income responds when a covered event, fire, water damage, a covered equipment failure, damages your premises or property and forces operations to pause. It replaces the revenue you would have earned and helps cover continuing costs like rent and payroll while you recover. For an office-based firm, it protects the income side of a property loss.
The covered-cause point
The key limit to understand: business income is tied to covered physical damage, not any revenue loss. A lost client or a market downturn is not a business income claim. It responds when a covered property event interrupts the business, so it pairs with property coverage and a business owners policy.
Remote and dependency considerations
For firms that are remote or heavily dependent on systems and equipment, the property and dependency picture is different from a traditional office, and business income has to be matched to how the firm actually operates and what a realistic interruption would look like. We size it accordingly.
Common questions.
What does business income cover for a professional firm?
Does business income cover losing a client?
Do remote firms need business income?
Does your coverage match the work you do?
Tell us your services, clients, and the data you handle and we will check your program against how your firm actually operates. Educational, no obligation.
Protect the income behind a property loss.
Tell us about your premises and systems and we will size business income coverage.