{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Speaking of Insurance","title":"Business Income vs Commercial Property in California: What Pays When You're Closed","html":"","width":"100%","height":180,"duration":1258,"description":"Your commercial property policy can help with the building and the stuff inside it after a covered loss. But does that same policy pay the income you lose while you are closed, or is lost revenue a different lane? A rebuild check is not a P&L check.\nAaron Bollinger of Bollinsure Insurance Services compares commercial property and business interruption (business income plus extra expense) for California small business owners: what each generally pays, what each generally does not, the covered physical loss trigger, waiting periods and the period of restoration at a high level, and how BOPs often package business income with time and dollar caps.\nWhat we cover:\n\nWhy owners blur property and business income after a fire, water, or wind loss\nCommercial property: building, business personal property, valuation, and the \"subject to\" part\nBusiness income and extra expense: lost net income, continuing expenses, and getting back open faster\nThe covered physical loss trigger, and why business income is not sales insurance\nWaiting periods, period of restoration, and extended period of indemnity\nBOP packages vs separate property forms, and the caps to check\nExamples: a SoCal restaurant kitchen fire and a BOP with a thin business income cap\nWhat to bring a broker: occupancy, what is on site, whether you can operate elsewhere, a realistic reopen timeline, and expenses you cannot shut off\nResources:\n\nAll Speaking of Insurance episodes\nRead the guide: Commercial property and business interruption in California\nEpisode 25 companion: business interruption, lost income, and extra expense\nGet quoted: Compare coverage options with Bollinsure Insurance Services at www.bollinsure.com/quote, or call 562-268-9355.\nThis episode is for general education only and is not legal, tax, or coverage advice. Coverage, eligibility, and pricing depend on the carrier, underwriting, and your policy terms.\nChapters\n\n00:00 Cold open: a rebuild check is not a P&L check\n00:31 Welcome and what this episode...","thumbnail_url":"https://img.transistorcdn.com/Kwtahq_FfPLMUz7ez0spP-aXc8k-Jw0pJJEWOhgCwXY/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9iYzVi/Nzc1YjNjOTJiOTBj/NWNiMTNjMTQ5OGY2/MTBkYS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}