The Need for Business Interruption Insurance
Regardless of how well your property is insured, or the efficiency of the insurer in dealing with your claim, the fact that fire damage takes a long time to be repaired is an inescapable reality, causing severe financial consequences to your business.
Some of the more obvious problems are:
- All or part of your turnover will be lost
- Customers will be lost at least temporarily and possibly permanently
- You may continue to be responsible for standing charges such as rent wages etc
- You may not be able to retain valuable employees which could have a serious effect when you are back in business.
- You may need to relocate your business, at least temporarily, while your premises are being repaired or rebuilt.
The Business Interruption policy is intended to meet the financial consequences of the business at your premises caused by fire or any of the perils insured against under the
Fire & Perils policy or the Property All Risks Policy.
For a competitive quote please call 04-338 5400 to discuss with our expert on Business Interruption Insurance.
