Definition: Business income coverage replaces lost net income and helps pay continuing expenses like rent and payroll when a covered property loss forces you to close.

Why it matters for salons and spas

A burst pipe or fire can close a salon for weeks; business income keeps the business solvent while repairs are made.

Example

After a kitchen fire next door closes your unit, business income covers lost profits during the covered period.

Related terms

Extra Expense · Business Owners Policy (BOP)

Learn more: business interruption for salons · full glossary · salon insurance questions.

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