Does retail business insurance cover loss of income after shutting down?

Learn how retail business insurance with business interruption insurance can help business owners prepare in the event of a shutdown.

Marcel Deer - Writer for NEXT Insurance
By Marcel Deer
Kelly Hendrickse - editor for NEXT Insurance
Edited by Kelly Hendrickse
Matt Crawford for NEXT Insurance
Fact-check by Matt Crawford

Updated May 29, 2023.

Retail business insurance can cover loss of income after shutting down after a covered event if the policy includes business interruption insurance.

How does Business Interruption insurance work?

Common events that cause shutdowns are called "covered perils" in a commercial property insurance policy. They can include:

  • Fire
  • Ice or hail
  • Water damage (excluding flooding)
  • Wind damage
  • Theft
  • Vandalism

» Check out why businesses need more than one business insurance policy

How NEXT can help you after a shutdown

With tailored and affordable coverage, NEXT can help you find the business insurance you need to protect your investment. To view your options, simply apply online and get an instant quote in less than 10 minutes. Once insured, you instantly get your certificate of insurance to share it 24/7 with the NEXT app.

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