Why choose IOA for business income insurance?
Business income insurance is crucial to a comprehensive risk management strategy and safeguards your financial future. It provides financial protection when you cannot operate normally due to significant disruptions, such as a natural disaster. Your business might be unable to access a physical location or specific equipment it needs to generate income. It does more than cover immediate losses. It ensures you can meet your financial obligations over time, such as rent, payroll, and loan repayments.
IOA’s business income insurance experts can help you explore your options and get a policy that reflects your needs, considering the size of your operation, its number of locations, and the size of your workforce. As your business grows, your business insurance coverage should evolve. We’ll work with you so your coverage meets your changing requirements. Choose IOA for a partnership that grows with your business and provides customized advice and support every step of the way.
-
Expert advisors
-
IOA’s expert advisors help you secure business income insurance that suits your unique operational risks and challenges.
-
Industry-leading risk management tools
-
Our risk management tools and services can identify potential risks before they occur.
-
Flexibility and support
-
We’re committed to your success and growth. We work with you and provide comprehensive policies and dedicated assistance.
Coverage features
Business income insurance typically responds when your property is damaged so badly you must shutter operations. But it is a flexible coverage that can be enhanced in several ways.
Utility failure
It may be possible to add coverage for loss of revenue due to physical damage to a utility service, even if your business property isn’t harmed.
Loss of access
You may be able to enhance a business income policy to cover road closures or government shutdown mandates.
Foot traffic disruption
If your business relies heavily on an anchor store’s presence, you may wish to protect your revenue from a decrease in foot traffic due to that store’s closure.
Supply chain interruption
You may be able to insure your business from interruptions caused by damage to a key supplier.
Extra expense coverage
Business income policies can often be enhanced with coverage for extra expenses, such as moving or renting a new space while repairs to your premises are made.
Connect with an IOA insurance expert
Speak to an IOA broker who understands your industry, goals, and challenges.
Get the latest on business insurance
Read our industry expert’s latest thoughts. We provide specific market outlooks, practical guides, updates on market trends, advice on risk management and much more. Each informative piece offers straightforward guidance in a complex insurance landscape.