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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- Great support provided by the Renewal team. Sangki one of the Renewal Manager's was very responsive, listened to my concerns and helped get a very competitive rate whiling getting the coverage we needed.Pedram Varjavandi3/04/2024This firm offers great rates with great online services. Their representative, Bernard Albano, was very helpful and diligent with follow-up.Scott Dalsin3/04/2024thanks for consistently prompt and professional service :0)Miramichi House3/04/2024
- Very please with their service. Prompt responses. Friendly customer service. I’d definitely recommend for your business insurance needs.Ti-Anna Hall3/03/2024excellent service... I highly recommend. Jesse was wonderful to deal withCharlene Hooper3/02/2024I am a CPA, CA and Zensurance made it very easy to get the coverage I need at a very affordable price. Mike Lancaster in particular was very helpful in explaining the policy and what my answers to the questions meant. Highly recommendAaron Herman3/02/2024
- Helpful and thorough - Adina Bennion at Zensurance guided me to the coverage that fits my business and I got the coverage I was looking for in a smooth process over the internet.Wayne Mitchell3/02/2024Quick and comprehensive online insurance quoting. Quick follow up and communication with the team. And competitive offerings and pricing. Would definitely recommend.Tiana R3/01/2024Shannon Henderson is a rockstar. I was tight on time and Shannon really helped gather all the info needed to move forward with my business. Great experience. Thank you!Jennifer Winter3/01/2024
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