Business Income and Extra Expense



What would you do if you suffered a loss that left your business temporarily unable to perform business activities? How would you recover from a financial loss due to reduced income or increased expenses?  Business Income and Extra expense insurance is designed to help alleviate some of the financial suffering related to the inability to perform normal business activities due to a covered loss. For example, when an investment property or apartment is destroyed by a fire, the owner is unable to collect the rents until the building is replaced.  Similarly, if a manufacturer’s equipment is destroyed, they must stop production and suffer an income loss until new equipment is replaced.

At Hatter, Williams & Purdy Insurance we can help you set up a disaster recovery plan to get your company gets back to normal operations.  A major part of this plan would be having the necessary business income insurance in place.  We can work with you to identify your exposure and the risks to your business and ensure that you are adequately covered. Contact us for a review of your business income exposures and allow our professionals to help you tailor a Business Income coverage that fits your needs.

Business Income and Extra Expense Coverages to Consider:

  • Business Income Worksheets are available for your use in determining how much insurance to purchase
  • Continuing Expenses for those operating expenses that may continue such as payroll of key employees, debt service, taxes, insurance and many other expenses
  • Extra Expenses to remain in operation or to reduce the loss such as renting a temporary location, payment of overtime or temporary employees
  • Dependent Business Income to cover loss you incur due to damage to a major customer or sole supplier’s operation


Hatter, Williams & Purdy Insurance will be happy to help you determine which coverage and limits are right for you. If you would like a quote for your insurance needs please feel free Contact Us or click here to complete our questionnaire!

Due to Governor Newsom’s “Stay at Home” order, our offices will be closed. If you have a claim to file, please note the carriers claims phone numbers listed under “Client Services”. Also, if you have a critical insurance issue, and leave a voice message at the main phone line, we will get back to you as soon as we can. We are working to have our employees set up remotely to assist you. We appreciate your patience during this critical time.