Employee wages
Business interruption insurance covers the cost of payroll while your business isn't making revenue. Most business interruption policies cover the cost of up to one year of pay for each employee.
What is covered under business interruption policy?
Business interruption insurance is insurance coverage that replaces income lost in the event that business is halted due to direct physical loss or damage, such as might be caused by a fire or a natural disaster.
Does business insurance cover loss of wages?
Business Interruption cover* provides protection for the loss of income and increased costs of operating your business caused by a specified insured event (such as property damage or fire). It is also designed to assist your business to recover from an insured event by paying ongoing expenses (such as wages or rent).
