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Business Interruption Insurance Essentials for Ontario Firms
Regardless of type, businesses aim for profit and should insure income as an asset. Business interruption coverage replaces income lost during closure due to insured perils, while gross earnings coverage spans from closure to reopening. A profits form covers the same period plus reestablishment after reopening, including salaries, owner compensation, and ongoing expenses excluding stock purchases. Consult the Insurance Brokers Association of Ontario in the yellow pages for details.
MENTIONED IN THIS ARTICLE
Insurance Brokers Association of Ontario