In general, commercial insurance policies will cover the cost of fire damage restoration. However, there are several important distinctions.
If your business was leasing space, the property owner’s insurance may not cover your losses. If you had fire insurance specifically for your business, the amount of compensation will depend on the type of coverage you have. Some policies are for the actual cash value of furnishings, which may not be enough to cover replacement (but might be enough to pay for restoration).
In addition, business interruption insurance may be essential at this time. It can cover a loss of revenue, staff wages, taxes, and temporary or long-term relocation costs after a fire.