Business income and extra expense insurance provide coverage when your business temporarily closes due to a covered loss, such as a fire.
BIEE insurance will cover losses such as income and expenses, including rent and payroll, while your property is closed. Extra expense items that are covered might include boarding up windows or renting a generator.
Financial records will be used to determine the settlement, so records should be kept in a safe place. Duplicate records also can be kept off-site in case original copies are destroyed in a loss.