Business interruption, also called business income coverage, can replace lost net income and help pay continuing expenses like payroll, loan payments, and taxes when a covered loss such as a fire or storm forces you to close rooms. Extra expense coverage helps pay the added cost of reopening faster.
Make sure your coverage period is long enough for a realistic rebuild, which can take a year or more for a hotel.
Have a question about your own property? Contact Ace Insurance Consultants for a free coverage review.
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