The next step would be to review your insurance coverage. Business interruption insurance generally comes into effect in the case of one of three circumstances:
• Physical damage to the premises that cause suspended operations.
• Damage to property that is covered by the insurance policy and prevents customers or employees from accessing the business.
• The government closes an area due to property damage that is covered by the insurance policy and prevents the customers or employees from accessing the business.
Since business interruption coverage can differ significantly, it is important to understand the policy terms, such as exclusions, coverage limits and waiting periods. Coverage is provided for lost net income only for the duration of regaining operation.