Business Interruption Insurance
Disasters often strike without warning, forcing you to temporarily close your business.
Protect your business with Business Interruption Insurance.
Trusted by over 300,000 Canadian small business owners!
Save up to 35% on your insurance
Instant price and coverage in just a few clicks!
Trusted by over 300,000 Canadian small business owners!
Save up to 35% on your insurance
Instant price and coverage in just a few clicks!
Partnerships with over 50 leading Canadian insurance providers
Partnerships with over 50 leading Canadian insurance providers
Why Choose Zensurance?
We help Canadian small business owners save time and money by providing
a convenient and affordable way to buy business insurance.
Convenience
Purchase your insurance anytime, anywhere, with our easy-to-use online platform.
Cost
Compare rates across leading insurance companies to ensure you get the best price on your premium.
Curation
We use data and analytics to identify the right insurance policies for your business.
Claims Examples
Problem: Following a kitchen fire, you have to close your cafe during restoration and repairs.
Outcome: Your Business Interruption Insurance covers the income lost when you were closed, totalling $55,000.
Problem: One of your suppliers suffers a fire, causing your shipments to be delayed and negatively impacts your income.
Outcome: Your Contingent Business Interruption policy covers the income lost during the time it for your supplier to recover, totalling $79,000.
Problem: Your office was broken into and vandalized, forcing you to rent a temporary office space during repairs.
Outcome: Your Business Interruption Insurance covers the temporary rental costs, as well as utility fees, totalling $18,000.
Business Interruption Insurance, Explained.
What is Business Interruption Insurance?
Business Interruption Insurance provides coverage for net income lost following a covered property loss. In addition to covering lost income, Business Interruption Insurance may also cover overhead costs required to keep your business operating, including rent and electricity, as well as employee payroll.
Business Interruption Insurance is not a standalone policy. It is typically included in your commercial property insurance policy or may be added to your existing policy as a rider.
What does it cover?
Business Interruption Insurance typically includes coverage for net income lost due to an insured disaster, as well as operating costs. Most policies respond after 12 or 24 hours of consecutive business closure.
Some expenses that may be covered include:
- Overhead operating costs, such as rent and electricity.
- Mortgage, rent, and lease payments.
- Moving to a temporary location.
- Employee’s wages and payroll.
- Internet and telephone connections.
- Taxes and loan payments.
What does it not cover?
Business Interruption Insurance does not provide coverage for:
- Terrorism
- Undocumented income (income that is no listed on your financial records)
- Pandemics, viruses, or infectious diseases (e.g., COVID-19)
- Flood, earthquake, or pollution damage. Note, your commercial property policy may cover these events. Please speak with your broker to confirm.
How much does it cost?
The cost of Business Interruption Insurance is primarily based on your revenue amount, with rates beginning at $100/year.
Business Interruption Insurance is typically included in a commercial property insurance policy or business owner’s policy (BOP) automatically or added to an existing policy.
Who needs this coverage?
Business Interruption Insurance is recommended for all business owners as a form of protection against lost income due to an insured loss.
What is the indemnity period under business interruption?
The indemnity period refers to the length of time for which compensation is payable under a business interruption policy and is typically 12, 24, or 36 months. The indemnity period may be extended to provide additional coverage beyond the length of time it takes to restore your business (restoration period)
Frequently asked questions
Different types of Business Interruption coverage will determine how payout is calculated. Most policies cover reimbursement for profits your business would have earned based on the prior month’s performance, in addition to extra expenses beyond fixed costs. Employee wages, taxes, and loan payments may also be taken into account.
Standard business interruption insurance provides coverage for damages sustained due to direct physical loss or damage, such as a fire. Unfortunately, it will not cover income lost or barriers to trade and travel due to a pandemic, infectious disease, or government-mandated closure.
Business Interruption Insurance is typically included in a commercial property insurance policy or business owner’s policy (BOP). You can add it to an existing policy as a rider.
Other business insurance coverage options to consider:
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- Thank you Josh for assisting me in getting the insurance for my business up and running. He was super helpful and made the process super smooth and enjoyable. Thanks!Pedro Amorim7/26/2024Very quick and streamlined way to get my commercial insurance with no hassle - thanks for the help JoshRiley L7/26/2024Straight to the point. Extremely responsive. Request Steven Bowie.Sarnia Sole Burner6/27/2024
- Zensurance provides the best insurance policy for my business. I appreciate Rebecca (Senior Renewal Manager) for providing the best price.Reza Salamat6/27/2024Krista was knowledgeable and efficient so I was able to get coverage in minutes!Dave Rippel6/27/2024Brett really helped me figure out my insurance plan. He was super efficient, friendly and knowledgeable. Thank you BrettTracie McIntyre6/26/2024
- It was a fantastic experience with Zensurance. Karen helped me to find the best quote according to my needs.Gurjeet Gill6/26/2024This is our second year using Zensurance and we have nothing but great things to say. This year they were even able to save us more money and kept our renewal process simple and easy. Highly recommend!NAD Installs6/26/2024Krista was very responsive. She communicated without delay all relevant information and ensure that she was always available to answer questions, Krista also provided educated information on Condo insurance so that our policy has the right balanced coverage. Thank you Krista.Charles Edwards6/26/2024
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