Business Interruption

Business Interruption closed
There is more to protecting your business than simply insuring the physical assets.

Your basic business insurance might cover your physical assets if disaster strikes, but have you thought about how your profits will be affected if your business is out of action as a result of the damage?

Business Interruption Insurance covers the revenue you would have earned, based on your financial records, had the disaster not occurred. The policy also covers the ongoing fixed costs and expenses like rent, staff wages and supplier commitments that don’t stop even if you’re unable to trade.

Essentially, the purpose of business interruption insurance is to make sure that the financial position of your business returns to where it was before the loss. 

Please watch this video for more information.

NIBATV Explainer: What is business interruption insurance? from NIBATV on Vimeo.