Business Interruption Insurance

Did you know that 25% of businesses that are forced to shut down by a disaster for more than 30 days never reopen their doors again? Furthermore, if they can afford the expenses associated with recovery, they often can’t recoup customers fast enough after reopening to remain viable.

A Business Interruption and Extra Expense (also known as Business Income) insurance policy through A.D. Martin Commercial Insurance can protect your company from financial losses and expenses associated with a temporary shutdown caused by a covered loss.

Our business interruption policy covers:

  • Income you would have made if your business hadn’t been damaged
  • Bills you have to pay even though you are closed
  • Costs associated with the use of a temporary location
  • Expenses incurred to keep your business open after a disaster, such as renting equipment to substitute for what was lost
  • Income deficiencies associated with recovery after you reopen

Over and above these basic coverage features, we offer a Business Interruption policy that comes with enhancements to cover your business for additional exposures, such as supply chain interruptions, loss of utility service, or equipment breakdown at your site. These exposures are covered by Utility Services – Time ElementUtility Services – Direct DamageSupply Chain, and a System Power Pac for electrical or mechanical breakdown.

Beyond reviewing your risk, we’ll work with you to make sure your coverages dovetail, providing you a comprehensive suite of protection. We’ll also evaluate the details that go into determining one’s Business Income policy – payroll coverage, deductibles, length of coverage, and leader properties (those that draw business to your area, such as an anchor store in a shopping complex), to name a few. Our policy provides business income coverage in the event an anchor store or dependent property shuts down due to a loss, which causes your revenue to suffer.

Our goal is to help you keep your doors open and your customers returning.

A.D. Martin provides business insurance throughout the counties of Atlantic, Cape May, Gloucester, Salem, Cumberland, Camden and Burlington in New Jersey; New Castle County in Delaware; and Chester, Philadelphia and Delaware Counties in Pennsylvania. We have access through our numerous insurance carrier partners to a broad range of policies and policy enhancements to protect your business from financial problems due to lost income and the expenses of recovery.