Business Interruption Insurance – can your business afford to be without it?
FACT: 80% of businesses affected by a major incident either never re-open or close within 18 months (Source: Axa).
Would your business survive if disaster strikes?
None of us know what the future holds, and when it comes to running your business, burying your head in the sand and hoping for the best can be a risky strategy – because sometimes it’s the worst that happens.
With natural disasters like flooding and sink holes becoming increasingly common in the UK, and the potential for incidents such as a serious fire spelling disaster for any business, business interruption insurance is a vital element in any insurance package.
This type of cover is as important to a company’s survival as insurance for your premises and your contents. Unfortunately, many businesses don’t fully understand the details of their insurance policy and aren’t sure whether they are covered if disaster strikes until it’s too late.
Peace of mind with business interruption insurance
PremierCare’s professional insurance brokers have the knowledge and expertise to assess your business’ risks and check if your insurance policy is robust enough to allow you to get back on your feet and continue trading following a major loss or incident. If your cover is not adequate, the team can arrange business interruption insurance on your behalf by simply adding it to your existing business’ property insurance or package policy.
Business interruption insurance will:
- Cover over the loss of income that your business suffers after a disaster while your facility is either closed or in the process of being rebuilt.
- Put your business in the same financial position it would have been in if no loss had occurred in the first place.
This means you’ll be reimbursed for profits, fixed costs and operating expenses, the cost of moving to and from a temporary location and other reasonable expenses that allow your business to continue operating while your property is being repaired.
Can your business afford to be without business interruption insurance? If the answer is no, talk to PremierCare’s expert team of brokers today on 0844 259 0033 or email firstname.lastname@example.org to enquire further or request a callback.