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Business Interruption in New Orleans LA & Metairie LA

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What is Business Interruption Insurance?

Business Interruption Insurance, also known as Business Income Coverage, provides coverage against loss of operating income due to fire, explosions, and other named perils as noted in each particular commercial coverage description. Coverage can be broadened through the addition of these options:

  • Direct Loss (Loss that is a direct result of a named peril).
  • Indirect Loss (Loss that is not a direct result of a peril). For example: Damage to property of a business firm would be a direct loss, but the loss of business earnings because of a fire on its premises would be an indirect loss.
  • Consequential Loss (Indirect loss such as the reduction and value of property that is the result of a direct damage loss).
  • Extra Expense (Coverage providing reimbursement of expenses for temporary repairs and costs incurred to replace covered property and equipment).
  • Mandatory Evacuation (Hurricanes could cause a civil order to evacuate causing an interruption in your business for longer than you would want to financially anticipate). Ask agent about availability.
  • Other available endorsements can be discussed with your agent.

When a business is unable to open its doors because of one of the above mentioned perils, the Business Interruption Policy will cover some of the following expenses:

  • Fixed expenses (rents, utilities and advertising, etc.).
  • Payroll.
  • Extra expenses incurred while relocating to another location.
  • Purchasing of any additional equipment or furnishings necessary to reopen.
  • Lost income (the profits you would have earned based on your financial records, had the disaster not occurred).

Make sure your policy limits are sufficient to cover your expenses for more than just a few days. For example, after a major disaster such as a hurricane, tornado or fire loss, it takes more time than most anticipate to get business back on track. Normally, there is a 48-hour waiting period before Business Interruption goes into effect.

Rates vary based on type of business and risk. (Example: A restaurant’s risk would probably be higher than that of a CPA’s office, because of the greater threat of fire. Also, it would be easier for the CPA office to operate from another location as compared to a restaurant).

Policies containing this coverage vary from one company to another and contain certain exclusions and limitations. You must always consult your insurance agent and refer to your policy for actual coverage provided and the extent thereof.

Our Locations

Metairie

3008 David Drive
Metairie, LA 70003
Main office: 504-441-7283

Kenner

2317 Veterans Memorial Blvd. Suite 6
Kenner, LA 70062
Main office: 504-455-7283

New Orleans

2714 Canal St., Suite 101
New Orleans, LA 70119
Main office: 504-821-3111

New Orleans East

5951 Bullard Ave., Suite 4
New Orleans, LA 70128
Main office: 504-241-7283

St. Bernard

8720 West Judge Perez Drive
Chalmette, LA 70043
Main office: 504-277-4000

Westbank

1500 Lafayette St., Suite 117
Gretna, LA 70053
Main office: 504-367-7283

Our Providers

They help me with all my insurance needs. Stephanie helped me save money at my renewal and was super nice. Rose in customer service helped me enroll in paperless when I couldn’t figure it out. They are awesome people and always professional. I would recommend them to anyone.
Michelle Simpson
Chris Webre got me a great rate and exactly the coverage I needed for my business. He kept in touch with me throughout the process. If I had a question, he was quick to respond with an answer. He made what was quickly becoming a headache, a pleasure. I’m glad I went with Dan Burghardt Insurance for my general liability business insurance. Thanks Chris.
Sidney Roussell
Got a great quote from some great people over at Dan Burghardt. Was surprised at how nice everyone was. I would recommend them to everyone. It’s as easy as giving them a call. Stephanie was awesome and quoted me a few different ways to see what was best for me.
Jerome Williams
Dan Burghardt and his staff are amazing. Whenever I need anything having to do with insurance I pick up the phone and within a few minutes it is taken care of… and for a lot less money than other insurance companies have quoted!
Brett Thomas
Jennifer at Dan Burghardt Insurance Agency is the most professional, helpful and efficient agent I have ever had the pleasure of working with. I would recommend them to everyone I know in the need of insurance services.
Brandi Dalon Picado
Thanks for always being, prompt, professional and friendly. I’m happy to be a customer with you all for the last 8 to 9 years!!! My agent Darlisha Miller is the best!!!
Darrylynn Montana-Henry