Business Interruption Insurance

Keeping your business up and running

Cover Built for the Way You Work

Business interruption insurance can help make sure your business keeps running after an unexpected event.

COVER FOR

Loss of revenue, income or rent

Payment of fixed costs

Cost of relocating to a temporary location

Extra costs incurred to support your business

Payment of wages (if required)

What is Business Interruption Insurance?

Most businesses have ongoing expenses that you need to pay even if you’re not able to operate such as staff wages, supplier invoices, rent or loan repayments.

Business Interruption Insurance can get you through a temporary crisis by protecting your cashflow, so you can pay these expenses and help ensure the future of your business.

This cover is arranged by reviewing your business and establishing an agreed ‘gross profit’ margin. It is provided for a specified period known as an ‘indemnity period’ and can range from 6 months up to 24 months (or even higher if required). You can also choose those things you do not want to cover.

Business Interruption Insurance is often overlooked but is essential for the health and wellbeing of your business. It is both practical and pragmatic and we will advise you on the right level of cover to protect your business against unexpected and catastrophic events.

KEY BENEFITS

Cover specific to your business

Insurers make interim payments to keep your business solvent

Ensures your business will survive when your premises are damaged

Provides certainty and enables you to concentrate on your business

Why do you need this policy?

Here is an example:

Darren, a cabinet maker rents one of a small group of five factory’s in an industrial estate. Overnight one of the other tenants has a fire which unfortunately spreads into Darren’s business damaging stock and contents. He was unable to work while the building was undergoing repairs and also required some vital tools to be replaced.

With Business Interruption Insurance, Darren can continue to pay his bills. He can even relocate to a temporary location and continue to work to ensure his customers receive their orders on time.