Does my commercial policy cover COVID-19 for my business?

FAQ Answer

It is very important to review the provisions in your business polices, particularly business income policies. Here are some things to look for in your policy;

  • Business income polices reimburse an owner due to loss of income due to a suspension of operations.  
  • Common Policy Verbiage:  We will pay for the actual loss of Business Income you sustain due to the necessary "suspension" of your "operations" during the "period of restoration". The "suspension" must be caused by direct physical loss of or damage to property at premises which are described in the Declarations and for which a Business Income Limit Of Insurance is shown in the Declarations. 

The Insurance Department recommends that you contact your agent to review your policy and ask additional questions.

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