What is 'business interruption' (BI) insurance?

Business Interruption (BI) — also called Business Income coverage — pays for: LOST REVENUE (the income the business would have earned if not for the covered loss); CONTINUING EXPENSES (rent, utilities, payroll for key employees that continue even when operations are halted). BI requires a covered direct physical loss (fire, windstorm) as the trigger — no property loss, no BI coverage. Coverage continues until the property is repaired to pre-loss condition (subject to policy limits). Extra Expense coverage is a related endorsement that pays for expedited repair costs and temporary facilities above normal expenses.