Business Income & Extra Expense

 

MODCO can cover your commercial property for the loss of income suffered by damage to your premises by a covered cause of loss causes a slowdown or suspension of its operations. Coverage applies to loss suffered during the time required to repair or replace the damaged property. It may also be extended to apply to loss suffered after completion of repairs for a specified number of days. There are two Insurance Services Office, Inc. (ISO), business income coverage forms: the business income and extra expense coverage form (CP 00 30) and the business income coverage form without extra expense (CP 00 32). Business income coverage (BIC) is also referred to as business interruption coverage.

  • Replace Lost Income Direct or Contingent
  • Expediting Expenses
  • Temporary Office Setup Expenses
  • Loss of Income from damaged Equipment