Which type of insurance helps replace a company's income during the time period the company is closed due to a major hurricane?

Question

Quizplus · Accepted Answer

Business interruption insurance is designed to compensate a business for income lost during a temporary shutdown due to unforeseen events such as natural disasters, including hurricanes. This insurance helps cover expenses like employee salaries, rent, and lost profits while the company is closed. Employer's liability insurance covers legal fees and any settlement or judgment costs arising from an employee's work-related injury or illness, while property insurance covers the physical damage to a business's property. Vehicle insurance covers any damage to vehicles used for company purposes, and commercial liability insurance helps protect a business against third-party injury or damage claims.

Which Type of Insurance Helps Replace a Company's Income During