Business Interruption Coverage
The insurance world can be very confusion. Many times a business can have an a la carte' type of policy which gives them the ability to choose what is and is not covered.
Business interruption coverage is insurance is intended to compensate for the losses that occur as a consequence of having to close your business after your commercial property is damaged by a covered loss.
Business interruption coverage is not standard on commercial insurance policies. It usually needs to be specifically added to your commercial property policy and always has a coverage limit (for example, $30,000 per incident). However, to obtain Business Interruption insurance proceeds, your business must have sustained a physical loss that is covered under your commercial policy (like water damage or damage caused by fire, hurricane, tornado, etc.). Unfortunately, property damage covered under a flood policy does not usually include business interruption coverage. For example, standard flood insurance policies issued by the National Flood Insurance Program (which is administered by FEMA) do not provide business interruption coverage.
Always be sure to check your policy and ask your agent to be sure you know your coverages and understand your rights.
Also, if you suffer fire damage or water damage please call SERVPRO of South Baton Rouge.