Business Income Insurance
Coverage
When an unexpected event forces your business to temporarily close or scale back operations, the financial impact can be significant. Even if your building and equipment are insured, lost revenue and ongoing expenses can quickly add up.
Business income insurance, often called business interruption insurance, helps replace lost income when your operations are suspended due to a covered property loss. This coverage is typically part of a broader commercial property insurance policy and is designed to help businesses maintain financial stability while recovering from a disruption.
At TIS Insurance Services, we help businesses across East Tennessee evaluate their operational risks and structure insurance programs that help protect both their property and their revenue.
What Business Income
Insurance Covers
Business income coverage is intended to support your business financially when operations are interrupted by a covered event. While specific policies vary, this coverage generally helps with:
Lost Business Income
Helps replace revenue your business would have earned if operations had continued normally.
Ongoing Operating Expenses
May help cover certain fixed costs such as rent, loan payments, taxes, and utilities while your business is temporarily closed.
Payroll Continuation
Some policies can help businesses continue paying employees during a covered interruption.
Temporary Relocation Costs
Business income coverage typically applies only when the interruption results from a covered property loss, such as fire or storm damage.
How
Coverage Is Determined
Business income insurance is typically structured based on the financial profile of your business. Insurers evaluate factors such as:
Annual revenue and financial history
Type of business operations
Potential length of business interruption
Property exposures and risk factors
Selected coverage limits and waiting periods
Business Income Insurance Matters
Many business owners focus on protecting buildings and equipment, but the ability to generate revenue is just as important. Even a short interruption can disrupt cash flow and impact long-term stability.
Businesses in East Tennessee may experience operational interruptions from events such as severe weather, fires, or other unexpected incidents affecting their property. Business income insurance can help companies:
Maintain cash flow during a temporary shutdown.
Continue paying essential operating expenses.
Reduce financial strain while repairs are completed.
Support business continuity during recovery.
Without this coverage, businesses may have to rely solely on reserves or financing to cover expenses during an interruption.
Complimentary
COVERAGES
Business income coverage is usually part of a larger commercial insurance program and works alongside other policies to provide broader protection.
These policy coverages are often paired with business income coverage.
Commercial Property
Coverage against direct physical damage to buildings/structures and belongings.
General Liability
Covers liability for injuries or property damage sustained by members of the public.
Equipment Breakdown
Coverage for loss of equipment due to a mechanical or electrical breakdown.
Umbrella
Coverage in excess over primary general liability to protect against catastrophic liability claims.
TIS Insurance Services works with businesses throughout Tennessee and the surrounding region to design commercial insurance programs tailored to each company’s operations and risk exposures.
As an independent insurance agency, TIS has access to multiple carriers and can help businesses evaluate coverage options that align with their goals and budget.
Businesses that partner with TIS benefit from:
Local commercial insurance expertise
Customized risk assessments
Access to multiple insurance providers
Long-term account and claims support
Why
TIS Insurance Services
Business Income Insurance
FAQs
What is business income insurance?
Business income insurance helps replace lost income if your business must temporarily close due to a covered property loss.
Is business income insurance the same as business interruption insurance?
Yes. The terms are often used interchangeably to describe coverage that helps replace income during a temporary operational shutdown.
What events typically trigger business income coverage?
Coverage generally applies when a covered property loss, such as a fire or severe storm, forces a business to suspend operations.
How long does business income insurance pay benefits?
Coverage usually continues during the period required to repair or restore the damaged property, subject to the policy’s terms and limits.
Do you have more questions?
Please reach out to our agents (all contact information below). We’re here to assist you in understanding your Business Income Insurance options and finding the coverage that best meets your needs.
Get a Quote
- Provide us with a little information about yourself and your needs.
- A TIS Team Member will reach out to gather additional information needed to provide an innovative, accurate quote.
- Get the coverage you need.
Meet our Sales Team
Business Income Insurance
Morgan Thomas
Carson Thomas
Carter Thomas
Chase Wake
Frank Wilk
Jared Smith
Jay Werner
Josh Hearl
Kelly Thomas
Patrick Wilk
Robert Eldridge III
Meet our
Business Income Sales Team
Morgan Thomas
mthomas@TISIns.com
Carson Thomas
cathomas@TISIns.com
Carter Thomas, CMIP
cthomas@TISIns.com
Chase Wake
cwake@TISIns.com
Frank Wilk
fwilk@TISIns.com
Jared Smith
jsmith@TISIns.com
Jay Werner
jwerner@TISIns.com
joakes@TISIns.com
jfritts@TISIns.com
Josh Hearl
jhearl@TISIns.com
Kelly Thomas, CMIP
kthomas@TISIns.com
Patrick Wilk
pwilk@TISIns.com
Robert Eldridge III
reldridge@TISIns.com
sfoakes@TISIns.com