What coverage does "loss of income" protection provide?

"Loss of income" protection is specifically designed to compensate for income that is lost due to business disruptions. This type of coverage is especially relevant for businesses that rely on continuous operations to generate revenue. If a business faces interruptions caused by events such as natural disasters, fires, or other emergencies, this protection helps to mitigate the financial impact by providing funds that can cover lost revenue during the period when the business is unable to operate normally.

Unlike other types of coverage, such as property damage (which deals with physical damages to assets), medical expenses (which cover health-related costs), or liability claims (which involve legal responsibility to third parties), loss of income directly addresses the financial void created when a business cannot earn money due to unforeseen circumstances. This coverage enables business owners to maintain stability and meet ongoing financial obligations, such as payroll and fixed expenses, even when operations are temporarily halted.