Business Interruption Insurance
Protect the income your business relies on while you recover from an insured disruption.
Protect what keeps your business moving
Property insurance can repair damaged premises or replace stock, but it may not replace the revenue lost while your business is unable to operate. Business interruption insurance can support cash flow following an insured event, helping you continue paying essential expenses and rebuild with greater confidence.
Who should consider it?
This cover may be valuable for any business with ongoing expenses such as wages, rent, supplier invoices or loan repayments. It is especially important where a lengthy shutdown, supply interruption or relocation could threaten the future of the business.
What can it cover?
Depending on the insurer, policy and options selected, cover may include:
Revenue or income that would have been earned during the covered interruption period.
Fixed operating costs that continue while the business cannot operate.
Additional costs of moving to and operating from a temporary location.
Reasonable extra expenses incurred to continue trading while repairs are completed.
Selected losses caused by covered prevention-of-access or civil-authority events.
Important considerations
A claim will generally need to arise from insured physical loss or damage, although limited extensions may apply. The indemnity period must be long enough to cover the realistic time needed to repair, replace, relocate and regain normal turnover.