Gross Earnings Coverage
Gross Earnings Forms are suitable for businesses that are able to immediately start generating an equivelant sales volume to the time before the loss occurred. Once the business reopens, the business interruption money stops.
Business Interruption Insurance
Commercial property insurance covers loss of property, equipment or stock by an insured physical loss. The coverage does not provide protection if damage to business property results in a loss of earnings or income. This can leave businesses that have had an insured loss with large financial losses from their continuing expenses.
If you have a covered loss at your business, you may have to shut down while repairs are done. Your expenses will not shut down though and you will still have expenses such as taxes, rent, loan payments, utilities, or salaries to continue to pay. This could make or break a business while they are temporarly closed.
Business interruption insurance reimburses policyholders for the difference between expected normal income and the income earned during the period of interruption during an insured loss.