Would your business be able to pay utilities, wages or any other standing charges without any income? It could take months before the damaged property is rebuilt and stocked, machinery and equipment repaired or replaced. Ideally you would move to a temporary location while your permanent place of business is being repaired. Yet, traditional property insurance does not cover this move or loss of income when a business must temporarily close. With Business Interruption Insurance, this setback can be minimised by simply adding this cover to your Property Insurance policy.
What can be included in a Business Interruption policy?
Considerations for Business Interruption Insurance:
Insurance experts estimate that Business Interruption insurance is one of the most, if not the most, valuable cover available, yet it is often overlooked by business owners. Since property insurance only covers the cost of physical loss or damage and contents of a business in the event of a disaster, business interruption cover is invaluable in covering the loss of income while the permanent business location is being repaired.
Call us on 01494 733337 today to find out more about our business continuity resource and make sure that your business can survive and interruption.
“Luker Rowe invest the time to understand our business. This is what we value most in our relationship.”
Libby Fallon, Office Manager, Production Plus Limited