Premiums for business interruption insurance—or at least the cost of the rider—can be deducted from one’s taxable income as ordinary business expenses.
Only if the underlying property/casualty policy covers the cause of the business income loss does this kind of policy pay out.
The sum payable is generally founded on the past monetary records of the business.
The majority of policies that cover business interruption refer to this time period as the beginning of the covered peril up until.
The point at which the damaged property is physically repaired and restored to its pre-disaster state.
Additionally, there may be a 48- to 72-hour wait.
