Business Interruption Insurance
Business interruption insurance is a crucial part of any business to ensure longevity and continuity. Should your business experience damage by an insured peril or perhaps it relies on one larger supplier that experiences a shut-down, your business will most definitely suffer.
Business interruption insurance is designed to indemnify your business for continuing expenses, as well as loss of income during a shutdown. In other words, it is intended to put a business in the same financial position it would have been in, had no loss occurred.
A huge percentage of businesses that experience a large-scale shutdown never recover, and end up going out of business. This type of insurance cover will protect you against such an inevitable possibility.
Typical fixed expenses which would be covered under the Business Interruption Insurance Policy are wages and banks’ interests – these would continue to be incurred even though your business would not be operating.
This type of insurance typically covers your business up to a period of 12 months of business interruption however this can be extended if required.
Please fill in the following form to make a
Business Interruption Claim:
Please fill in the following form to ask for a
Business Interruption Quote:
Frequently Asked Questions
Is Business Interruption Insurance sold as a stand-alone policy?
Typically, this type of cover is not sold as a stand-alone policy, but added onto a Business Property Insurance policy or even a comprehensive business package policy.
Are there any other cover extensions?
One would typically expect a number of extensions under Business Interruption cover, such as the following examples:
- Accidental failure of public supplies of electricity and/or water to your premises
- Accidental damage to land-based public telecommunications from which your business is serviced
- Interruption of use of or access to your premises following advice by a competent authori-ty due to an emergency like to endanger life or property in the vicinity
- Closure of your premises by a competent authority due to defective drains, vermin or pests
Partners with
