Loss of Profit(Business Interruption)
Loss of Profit ( Business Interruption )
Business interruption insurance is a form of insurance coverage that replaces business income lost as a result of an event that interrupts the operations of the business, such as fire or a natural disaster. Business interruption insurance is not sold as a separate policy, but is either added to a property/casualty policy or included in a comprehensive package policy. Business interruption insurance premiums (or at least the additional cost of the rider) are tax deductible as ordinary business expenses.