Kitchener Business Interruption Insurance

What is Business Interruption Insurance?

Owning a business in Kitchener can be exciting and rewarding. With its rapid growth and burgeoning marketplace, Kitchener has become a prime location for business owners to set up shop and add to its expanding and vibrant economy. Of course, there are challenges too. Along with the everyday pressures that are a part of running a business in any city, there are unpredictable setbacks that Kitchener businesses have to protect against as well. Fires that burn down buildings and windstorms strong enough to knock down power lines, blow off roofing and smash windows, happen often enough that you need to guarantee your recurring costs are covered if you own a business in Kitchener and are forced to temporarily close up shop because of a natural disaster.

There is enough to worry about when running your own business and making sure you’re protected in an emergency is something our ALIGNED experts are here to help you with. In this article, we’ll tell you what you need to know about business interruption insurance and how you can make sure that if your business is hit by a disaster, you’ll be able to weather the storm.

Some of the events that are covered by a business interruption insurance policy include fire, vandalism, floods, terrorism, and sewer-backup, etc.

Do I Need Business Interruption Insurance?

Property Insurance is a necessity for any business owner. But property insurance policies, like residential homeowners policies, are in place to repair the structural damage caused by a destructive event. With a business, not only are there are costs of repairing the building, there are massive costs resulting from not being in business as well. If the revenue you depend on to earn a living and cover your operating expenses comes to an abrupt stop one day, those accumulating costs could lead to bankruptcy.

With business interruption insurance, your operating expenses are taken care of through your policy. Some of the expenses covered in most business interruption insurance policies include:


the money you would have made had your business not suffered a slow down or stoppage due to disaster.


some businesses are not able to continue operations from any other location. For those that can, the costs of moving and setting up shop somewhere else would be covered.


for businesses selling products, it’s critical that you are able to continue purchasing inventory.


employees are the life-blood of every business. A business interruption policy will make sure you can continue paying them until you’re up and running again.


like other expenses, taxes still need to be paid even if your business falls victim to a disaster.

How Much Does Business Interruption Insurance Cost in Kitchener?

The cost of a business interruption policy in Kitchener will vary depending on a number of factors including the size, location, and type of business.

The cost will also depend on the length of coverage you choose. Just because you’ve repaired the damage and have fully re-opened doesn’t mean you’ll necessarily start earning the same revenues that you were before you had to close. It may take time for clients to return or to bring in new ones to make up for the ones lost while you were closed. Some policies will end coverage as soon as you’re open for business while the more comprehensive ones will continue coverage until you’re back to pre-disaster profits.

Contact an ALIGNED Advocate to get a quote for the best protection for your specific business needs at the best rate.

Business interruption insurance for Kitchener, Ontario businesses

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Why Choose ALIGNED Insurance? 

At ALIGNED Insurance Brokerage, we are business insurance specialists. We’ve been proudly serving companies of all sizes in Kitchener and the Tri-Cities area for years and are here to make sure that your business can continue operating smoothly under any circumstance.

Call ALIGNED Insurance today for all your business interruption insurance needs.


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