Business interruption insurance
The cost of adding business interruption insurance to your commercial property insurance or business owner’s policy (BOP) depends on the value of your business property, among other factors.
Named perils coverage is a type of business property insurance that only protects you from hazards and risks explicitly described in your insurance policy.
A qualifying event is any significant change to your business that affects your insurance requirements.
A commercial property insurance policy that covers open perils protects your business possessions from most causes of loss or damage. However, this option is typically more expensive than a policy that covers named perils.
An insurance policy with all-risk coverage covers claims from all incidents that aren't specifically omitted in your contract.