Fire and Business Interruption insurance is designed to protect businesses from financial losses due to disruptions caused by fire or other covered perils. Here’s a brief overview:
Fire Insurance: Covers physical damage to property and assets caused by fire.
Business Interruption Insurance: Compensates for lost income and operating expenses when a business is unable to operate due to a covered event, such as a fire
This type of insurance ensures that businesses can recover and continue operations even after significant disruptions.