Extra Expense Insurance

Insurance designed to protect businesses in the event of an unforeseen emergency requiring additional expenses, allowing them to continue operations. For example, in the event of a fire, the business may need equipment to continue operations until the main facility and related equipment are restored.

Form that covers exposures associated with efforts to operate a business that is damaged by a peril such as fire. For example, a special electrical generator may have to be purchased in the event of a long-range loss of electricity if the business is to continue to operate.