Business Income Insurance
Business Income Insurance shields revenue against property damage or guest-related incidents, providing financial peace of mind while protecting your operations.
Experienced safeguarding your income stream amid unique professional challenges.
With over 80 years insuring revenue streams, our income protection specialists bring unmatched expertise mitigating business interruption risks. We collaborate closely with your team, leveraging industry intelligence to protect against operational disruptions, supply chain failures, and cyber threats while anticipating emerging exposures. Our proactive approach, featuring ongoing risk assessments tailored to your business model, ensures continuous coverage evolves as your revenue sources diversify and operations expand.
Certified insurance experts specialize in business income coverage for diverse industries, from small retailers to large manufacturers. Staying current on economic conditions, supply chain vulnerabilities, and catastrophic risks, we proactively tailor policies. This expertise offers comprehensive protection against disruptions, property damage, and relocation expenses to shield your revenue stream.
Transcend basic coverage with tailored solutions for your business. Our policies range from equipment breakdown to data breach, from business interruption to cyber liability, ensuring comprehensive protection with zero vulnerabilities.
Hear from our customers
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Have been a client for almost 7 years. Kristina catches the phone on the first ring, makes me feel like I am the most important call of her day and always goes the extra mile to meet my needs or solve my problem. She is a keeper!!! She makes TWFG Khan Insurance Services better!!!!
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My Company CDS Protective Services LLC was in need of insurance and I was so frustrated that other companies had not getting back with me. I called Kristina on a late afternoon and had it all taken care of by the next morning. Kristina was knowledgeable and explained everything to me on the phone.
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Our company was in need of insurance and we were frustrated through other companies not getting back with us. I called Sameer on a late afternoon and had it all taken care of by 11:00 the next morning. He was knowledgeable and explained everything on the phone.
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TWFG Khan Insurance Services assisted our small family owned trucking company with commercial insurance in our first year of business. They were able to get us with the best company that would provide us a policy with the lowest rate. Not only that but their staff provides the most exceptional service, especially Chandler Bennett.
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Comprehensive professional protection, tailored to your industry's unique risks and compliance needs.
• Covers lost incomeafter a covered property loss event or circumstance forces operations to temporarily cease
• Reimburses continuing expensessuch as payroll, rent, taxes, and loan payments during the restoration period
• Compensates for extra expensesincurred to temporarily relocate and resume operations at an alternative location
• Includes coverage extensionsfor dependent properties, civil authority ingress/egress, and extended periods of indemnity
• Responds to data breachesinvolving sensitive customer or employee personal and financial information
• Funds breach notification costsas required by privacy laws and industry regulations
• Covers related expensesfor credit monitoring, public relations campaigns, and regulatory fines/penalties
• Provides liability protectionagainst third-party claims and lawsuits arising from the data breach incident
• Covers financial injurycaused by defective products, food contamination, or faulty product warnings
• Responds to bodily injury claimsfrom product use, consumption, handling, or exposure
• Includes protection against property damagecaused by a faulty or dangerous product
• Defends against liability lawsuitsrelated to product-caused injuries, illnesses, and property damage
• Defends against negligence claimsfor errors, omissions, or failure to perform professional services
• Provides coverage for judgments or settlementsawarded due to professional negligence or malpractice
• Responds to contractual liability claimsalleging failure to deliver promised professional services or results
• Covers defense costsfor lawsuits related to professional acts, errors, or omissions
On average, Business Income Insurance costs around $1,000 annually; however, individual premiums vary based on several factors:
Higher projected business income levels correlate with increased premium costs to align coverage with greater financial exposure.
Businesses highly reliant on suppliers or contractors for operations face higher premiums compared to vertically integrated firms.
Premiums adjust for regional exposures like natural disasters, with coastal or earthquake-prone areas seeing steeper rates.
Rapidly evolving industries with high turnover face elevated premiums versus established, stable sectors with consistent revenue.
Prior incidents and risk management protocols impact pricing, incentivizing businesses to enhance safety and continuity planning.
Frequently Asked Questions
Quick answers to questions you may have. Can’t find what you’re looking for? Contact us here.
Business income insurance covers lost income and extra expenses incurred when operations are interrupted due to a covered event, such as fire or natural disaster. Covered losses typically include lost profits, ongoing expenses like rent and payroll, and added costs to temporarily operate elsewhere. Policies outline specific causes of loss and may exclude some events or limit coverage duration. Proper documentation and timely claim filing are crucial to ensure reimbursement, so businesses should review policy terms carefully.
The coverage amount for business income insurance is based on your company's estimated gross earnings and expenses over a specified period, usually 12 months. Insurance providers analyze financial records, revenue projections, and operating costs to calculate the potential loss from an interruption. It's essential to accurately report figures and update policies as your business grows or changes to avoid being underinsured. Regular reviews with your agent can help ensure adequate coverage for your current income and ongoing obligations.
Implementing robust risk management strategies can help reduce the likelihood and impact of business interruptions. Developing continuity plans, maintaining updated data backups, and implementing safety protocols are crucial. Diversifying operations, protecting critical equipment, and securing alternate facilities can also minimize downtime. Additionally, reviewing insurance needs regularly and increasing coverage as your business grows can provide financial protection against extended interruptions. Proactive planning and collaboration with insurance professionals can help safeguard your income stream.
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For over a decade, TWFG Khan Insurance Services has been the trusted partner for businesses across Texas and neighboring states. We specialize in complex insurance solutions for maritime, oil & gas, and construction industries where standard coverage isn't enough.
Don't let gaps in coverage put your business at risk. Our team of specialists will work with you to create a comprehensive protection plan that keeps your business secure and compliant.
Join the hundreds of businesses who trust us with their most critical insurance needs.
