Business Income from Dependent Properties covers your actual loss of business income from a necessary suspension of your operations due to direct physical loss or damage, from a covered cause of loss to property operated by others upon whom you depend, such as:
- Your suppliers, who are thereby unable to deliver materials or services to you, or others on your account
- Your customers, who are thereby unable to accept your products or services
- Companies, who are thereby unable to manufacture products for delivery to your customers under a contract of sale
- A company, who is thereby unable to attract customers to your business
Extra expense coverage
If your company is temporarily shut down due to direct physical loss or damage to property at a described premises, extra expense insurance will cover expenses you incur during the period of restoration to avoid or minimize the suspension of your business.
A utility services endorsement extends Business Income and/or Extra Expense coverage to apply to a suspension of your operations caused by a disruption of basic utility services to your premises. Examples include electric, gas or water provided by public or private utility companies.
Civil authority coverage extends Business Income and/or Extra Expense coverage when a covered cause of loss causes damage to property other than your property and a civil authority prohibits access to the area immediately surrounding the damaged property, which in turn prohibits access to your business.