Business interruption coverage is crucial to commercial property insurance, providing financial support when unexpected events disrupt business operations. This coverage is especially important for property managers and medical office buildings, as it helps ensure continuity of operations and maintenance of revenue streams. In this article, we'll delve into the details of business interruption coverage, its benefits, and how it applies to these buildings.
What is Business Interruption Coverage? Business interruption coverage, or business income coverage, is an extension of commercial property insurance. It reimburses lost business income and expenses when a covered event, such as a fire, natural disaster, or equipment failure, forces a business to suspend operations. Key Benefits for Property Managers and Medical Office Buildings
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6/5/2024
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