Business Interruptions
Understand the Financial Impact
To help you account for expenses that may incur even though your business has come to a halt, use the Business Interruption and Extra Expenses Worksheet for your planning purposes.
Plan for Coverage:
- Fixed charges and other expenses
- Ordinary payroll and compensation
- Expenses incurred for overhead and facilities
“Download Business Interruption and Extra Expenses Worksheet”
Worksheet Completion Tips
- Review your annual financial records with your accountant to determine your annual gross profit
- Consider the growth of your business from the renewal date of your insurance policy
- Assume that operations will be shut down for at least a year after an event
- Review your business interruption and extra expense insurance every year; otherwise you significantly increase the risk of becoming under-insured
