The fire is covered. The weeks you can't operate are a different question.
Income protection when operations stop
Business Interruption coverage — also called Business Income — replaces the revenue your business loses and helps pay ongoing expenses when a covered peril, such as a fire, forces you to suspend or reduce operations.
Property insurance rebuilds the building and replaces the equipment. It does not replace the income you lose while you cannot operate. For many businesses, that lost income is the larger threat to survival.
What Business Interruption Covers
Business Interruption coverage typically provides:
Lost Net Income — the profit your business would have earned during the interruption.
Continuing Expenses — payroll, rent, loan payments, and other fixed costs that continue while you are closed.
Extra Expense — the added costs of operating from a temporary location or expediting repairs.
Extended Period of Indemnity — income protection for the recovery period after you reopen, while revenue rebuilds.
Who Needs Business Interruption
Business Interruption coverage matters for:
Retailers, restaurants, and hospitality businesses
Manufacturers and distributors reliant on a facility
Professional and service firms with a physical location
Any business that cannot absorb weeks or months of lost revenue
What Triggers Coverage
Standard Business Interruption coverage generally requires direct physical loss or damage from a covered peril. Related endorsements — such as contingent business interruption (a loss at a key supplier or customer) and civil authority (a government order blocking access) — can extend protection. The trigger language is where these claims are won or lost, so we review it carefully.
Our Approach
At Cory Washington & Co., Business Interruption coverage is never a checkbox. We evaluate how your business actually operates, review your contracts and exposures, and structure coverage to perform in the real world — not just to satisfy a minimum. Licensed in all 50 states, we place Business Interruption coverage through admitted carriers and specialty markets that compete for your account, then explain the trade-offs in plain English so you can decide with confidence.
Related coverage: Commercial Property · Equipment Breakdown · Business Owners Policy.
All insurance descriptions on this website are provided by Cory Washington & Co. LLC strictly for general informational purposes. They are not intended to be, and should not be relied upon as, legal, financial, or insurance advice. The information presented is general in nature and does not guarantee the availability, terms, conditions, or scope of any insurance coverage. Actual coverage is determined solely by the specific policy language issued by the insurer and remains subject to underwriting approval. Nothing on this website creates or implies an agent-client relationship, binds coverage, or alters any existing policy. Cory Washington & Co. LLC expressly disclaims any liability for actions taken, or not taken, based on the content provided here. For advice regarding your particular situation, please consult directly with a licensed insurance professional at Cory Washington & Co. LLC or another qualified insurance professional, and always review your policy documents in full.
Frequently Asked Questions
How do I get business interruption insurance through Cory Washington & Co.?
Request a quote or contact our team. We start with a short conversation about your operations, analyze your exposures, then negotiate business interruption insurance across multiple carriers that compete for your account and present options with the trade-offs explained. Cory Washington & Co. LLC is licensed in all 50 states.
How much does business interruption insurance cost?
It depends on your exposure. Business interruption insurance is priced on factors like your industry, size, prior claims, and the limits and deductibles you select — so two businesses rarely pay the same. We shop your account across competing carriers and present the trade-offs in plain English.
Who needs business interruption insurance?
Requirements vary. Business interruption insurance may be mandated by statute, or required under your contracts, leases, or loan agreements — and in many cases it is simply prudent given the risks involved. We look at your specific obligations and exposures, then recommend the coverage and limits that fit.
What if another agency has already declined or non-renewed my coverage?
Difficult, specialty, and previously-declined placements are a core part of our work. We access excess & surplus (E&S) and specialty markets that many generalist agencies cannot, and we explain the trade-offs clearly so you can decide with confidence.
Available in all 50 states. See how requirements differ in California, Texas, Florida, New York, or choose your state.