Potential Business Interruption Insurance Coverage Resources

In the wake of the COVID-19 pandemic comes substantial business loss. While relief efforts are in play, many are still concerned with potential loss of business income.

During a crisis, many organizations often look to their insurance policies for coverage of business income loss. But will your insurance cover lost amounts? What documentation is necessary?

We’ve developed resources to help you answer questions related to business interruption insurance and the COVID-19 pandemic.

How Can My Organizational Approach Recovery Through Insurance?
We recently hosted a webinar detailing potential insurance coverage areas and what you need to do to be prepared.

What Do I Need to Know About Business Interruption Insurance?
Business interruption insurance is designed to make an insured party whole following a damaging event. There are specific items that must be supported for insurance coverage to be considered. Having proper documentation to support your claim is critical.

What Do I Need to Submit My Claim?
Each business insurance claim is unique. However, we’ve compiled a list of key areas and documents you should be aware of to support a business interruption claim.

Key documents include:

  • Tax returns
  • Financial statements
  • Sales forecasts
  • Invoices
  • Receipts
  • Contracts
  • Exports/reports from accounting systems

Ensure You're Prepared
Business insurance coverage comes at a critical time with COVID-19. Knowing what you’ll need to support your claim will be crucial as you review the possibilities of insurance recovery.

Business insurance coverage and claims can be confusing and complex.

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