What type of insurance exists primarily to cover business income loss?

Business Interruption Insurance is specifically designed to protect a business from the loss of income due to a significant disruption in its operations. This type of insurance typically comes into play when a business is forced to close temporarily due to events such as natural disasters, fire, or other incidents that impair its ability to generate revenue. It compensates the business for lost profits that would have been earned during the period of interruption and can also cover certain fixed expenses that must still be paid, such as rent and utilities.

The other options do not serve this specific purpose. General Liability Insurance covers legal claims of injury or damage against the business but does not include protection against income loss. Property Coverage Insurance protects physical assets but does not address the income that is lost due to their impairment. Loss of Use Insurance typically refers to a policy covering additional living expenses for homeowners when a home becomes uninhabitable, which is not applicable to income loss for businesses. Thus, Business Interruption Insurance is the ideal choice for covering the financial impacts of business income loss.