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Business Income Insurance 

Business income insurance can help pay bills and cover payroll

If your business is forced to close temporarily due to direct physical loss or damage to covered property from a covered cause of loss, business income coverage can help you:

  • Replace lost net income during the period of restoration that you would have earned if no physical loss or damage had occurred
  • Pay for necessary continuing normal operating expenses, including ordinary payroll expenses
  • Pay for relocation expenses and advertising fees if you set up shop at a temporary site

Business income insurance works with your property policy and provides coverage for events beyond your control such as fire, wind, hail, vandalism or damage from vehicles or aircraft that may cause direct physical loss or damage to covered property which interrupts your business. Flood, earthquake or glass breakage are typically not covered in a business income policy.

Options and endorsements for your business income coverage

Dependent property

Business Income from Dependent Properties covers your actual loss of business income from a necessary suspension of your operations due to direct physical loss or damage, from a covered cause of loss, to property operated by others upon whom you depend, such as:

  • Your suppliers, who are thereby unable to deliver materials or services to you, or to others on your account
  • Your customers, who are thereby unable to accept your products or services
  • Companies, who are thereby unable to manufacture products for delivery to your customers under the contract of sale
  • A company, who is thereby unable to attract customers to your business

Extra expense coverage

If your company is temporarily shut down due to direct physical loss or damage to property at a described premises, extra expense insurance will cover expenses you incur during the period of restoration to avoid or minimize the suspension of your business.

Utility services

A utility services endorsement extends Business Income and/or Extra Expense coverage to apply to a suspension of your operations caused by a disruption of basic utility services to your premises. Example include electric, gas or water provided by public or private utility companies.

Civil authority 

Civil authority coverage extends Business Income and/or Extra Expense coverage when a covered cause of loss causes damage to property other than your property and a civil authority prohibits access to the area immediately surrounding the damaged property, which in turn prohibits access to your business.

Our Locations

Main Office

4751 Wilshire Blvd.
Los Angeles, CA 90010
Main office: 323-936-1010
Toll free: 800-697-6122

Main Office - Bay Area

182 Howard Street, Ste 845
San Francisco, CA 94105
Main office: 323-936-1010
Toll free: 800-697-6122

Main Office - Desert

5 Trinity Court
Rancho Mirage, CA 92270
Main office: 310-993-3425
Toll free: 800-697-6122

Our Providers

If you are looking for a company that has only your best interests in mind, go with Randall. My family has had them as our agent for over 30 years with the best care and service anyone could ask for in an insurance representative. They believe in securing the best policies for the most reasonable price. In addition, I cannot say enough good things about the care our personal agent has put forth for us.
Caren F.
My wife and I have enjoyed a most satisfactory relationship with E. Broox Randall and Sons Inc. for over 10 years. The two major factors of why we have been, and we will continue to be their clients for all our insurance related needs are: their excellent customer service, no matter what issues have arisen related to insurance, they have always provided prompt, reliable, and friendly service. The second reason is for our own “peace of mind”, as we trust and rely upon their industry expertise and general counsel on all our insurance needs no different than the long-standing relationship we have with our financial advisor on our finances, and tax expert on tax-related matters.
John B.
I came to Randall after a miserable experience with an agent. Randall changed our insurance experience with candor prompt service, competitive rates and always available to help with a claim, new or changed coverage.
Mike L.
I just want to thank you, Nedi, for your high level of knowledge and professionalism over the years, representing E. Broox Randall & Sons as my account executive. You have continued to oversee all my insurance needs in a very detailed and explainable way.
A.D. Z.