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What is Business Interruption?

28 July 2016 | walter

Would your business survive if it was damaged by a severe weather event, fire, flood or the cessation of a key supplier? How would you cover the cost of revenue and profits lost while you rebuild?

Business Interruption Insurance, sometimes called Business Income Insurance, can cover the revenue you would have earned if the disaster hadn’t happened.

Who needs Business Interruption Insurance?

If you had to start again after an unexpected disruption, could you?

When a Melbourne solicitors office suffered serious flood damage after a major storm, the business was up and running again within two weeks. Such a quick recovery was made possible because the solicitors had a Business Interruption policy. Their policy provided them with a readily available lump sum to cover temporary relocation and other after loss costs until they were able to resume normal trading.

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