a business closed for water damage

Business Interruption Insurance Warwick: What Is Covered?




computers and files ruined from water damage business interruption in Warwick, Rhode Island
Water Damage Business Interruption in RI


            Has your Warwick business been closed due to a disaster or damage? Has damage from water or fire made the doors that are usually open closed shut? Don’t worry, your Warwick business has coverage, which is business interruption insurance. It is usually added to a property insurance policy or included in a package policy. Business interruption insurance compensates you for lost income. The revenue that your business would have made in the time period of closing, based on financial records. If you have a business interruption insurance claim in Warwick, we can help you! Just give us a call at 401-724-9111 or click here for a free consultation!

ceiling tiles fell from water damage business interruption in Warwick, Rhode Island
Business Interruption in Providence, RI


            Depending on the location and type of business in operation it can make a difference in the price of the policy. For example, if our office in North Providence gets damaged by fire, wind, or water, this line of work can be done at a different location. The customers will still be there, and the company will still be getting work done. As for a restaurant that suffers from a fire and is not suitable for opening, the customers would be lost. The restaurant would be not making a profit, and the employees will be out of work. Here at Performance Adjusting, we will work for you to ensure you get every dime lost.


restaurant with plastic containing damage for business interruption in Warwick, Rhode Island
Business Interruption in RI


            With business interruption insurance your business will also be covered for employee wages. Business interruption insurance will also be able to cover payroll for employees so they can still be paid while the business is being restored back to prior loss conditions. Having this coverage is essential because no company wants to lose valuable employees. Another part of the insurance is that it will cover loan payments. These payments are usually due monthly and with business interruption coverage all payments will be made on time covered by your insurance company.


business interruption in warwick, rhode island
Business Interruption in Rhode Island

The most important thing to remember as a business, especially an upcoming business, is keeping track of income. Documenting monthly how much revenue you make is important so the insurance company can compensate you the proper amount. Without proper documentation of revenue over the years, the insurance company will only pay what they deem necessary.



Business Interruption Fire in Rhode Island

            The indemnity period is the period of insurance protection. This period is normally from the date of loss to when the business is fully operational. This means the day the damage happened, to the day the employees can safely work in the building. There is an indemnity period that is defined in their policy for businesses. For example, if a loss goes on for 6 months but the indemnity period is only for 4 months, some of the loss will not be covered by the business interruption insurance.



business interruption in warwick, rhode island
Business Interruption in a convenience store in Rhode Island

            It is important to provide your insurer with a background of your business and the damages that have been faced. Having an overview of your business:

  • Type of business
  • Location
  • Years in business
  • Significance of business/ importance of income

Type of damage regarding the closing of a business:


Business interruption in warwick rhode island due to water damage in the ceiling
Business Interruption in Rhode Island due to Water Damage

If your business in Warwick, RI or anywhere else in RI, MA, CT, PA, NC, SC, or FL runs into trouble and must shut down or close because of damage to the property, call Performance Adjusting and we will help you and get you the money you need and more! Follow us on Twitter, Facebook, YouTube, LinkedIn, or Instagram for more information about what we do!

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Contact Performance Adjusting for Free Consultation

Public adjusters offer many benefits to property owners. Besides helping you file an insurance claim, adjusters can negotiate the best possible results and take the load off your shoulders. However, it’s crucial to partner with a public adjuster that represents your interests.

Performance Adjusting is a leading public adjusting firm licensed to practice in four states — Rhode Island, Massachusetts, Connecticut and Florida. We provide practical solutions by dedicating trained professionals to each client. We aim to get customers the highest possible value for their claims. Take advantage of our free consultation and call 401-724-9111 today!

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We handle your property damage insurance claim so that you don’t have to. Since 2005, we’ve been getting homeowners and business owners the most money for their property damage all while they sit back and relax. The best part of it all? There are no upfront costs or hidden fees, we only get paid when you get paid.

Your insurance company has an adjuster on their side, so why shouldn't you?


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