Business interruption insurance

Business interruption insurance covers you for loss of income during periods when you cannot carry out business as usual due to an unexpected event.

Business interruption insurance aims to put your business back in the same trading position it was in before the event occurred.

Most policies will cover business interruption as a result of:

  • damage caused to your premises or equipment by fire, storm or flooding
  • the breakdown of essential equipment

Some policies will also cover business interruption as a result of:

  • people not being able to get into your business premises
  • damage occurring at the premises of a supplier or customer

Specialist policies, which are sold separately, are available to insure your business’s computers against viruses, hackers and other cyber risks.

Making a claim:

If you make a claim business interruption insurance will compensate you for:

  • any (pre-tax) shortfall in profits
  • any increased costs of running your business as a result of the event, for example any extra accountants’ fees you might have to pay

Buying business interruption insurance:

Business interruption insurance is often included in, or offered as an optional extra to, business insurance packages which combine a number of different policies under one premium. It can also be offered as an optional extra to buildings and contents insurance policies.

See also  How much medical evacuation insurance do I need for a cruise?

Related Posts

Breakthrough Roadmap to Applying for Elite Hospitality Jobs in Dubai with Zero Experience

Dubai’s dynamic skyline isn’t the only thing rising—its hospitality sector has been on a relentless upward trajectory, creating a wealth of opportunities for talent seeking to break into luxury hotels,…

Read more

How to Land Unskilled Agricultural Worker Positions at Olam International (Brazil) Under Seasonal Visas

Introduction: Sowing Seeds for Success Navigating the world of international agriculture can feel like trekking through uncharted fields—especially when you’re eyeing unskilled, seasonal roles at a global agribusiness giant like…

Read more

Cleaner Jobs in Dubai With Free Visa & Salary Up to $1000/month – No Experience Needed!

  Dubai’s meteoric rise as a global hub for tourism, luxury real estate, and international business has fueled a booming demand for support services—chief among them, cleaning. For many job…

Read more

Teaching Jobs Abroad With Free Relocation: Top Countries Hiring ESL Teachers in 2025

Dreaming of teaching English abroad in 2025? The global demand for ESL (English as a Second Language) teachers is soaring, and many countries are offering enticing packages—including free relocation—to attract…

Read more

High-Demand Warehouse Jobs at Amazon UK (No Qualifications Required)

Introduction In today’s fast-paced e-commerce landscape, Amazon UK continues to expand its network of fulfilment centres across the country. With growth comes demand—and that demand translates into thousands of warehouse…

Read more

Skilled CNC Machinist Roles at Siemens Germany (Step-by-Step Process)

Introduction Landing a skilled CNC machinist role at Siemens Germany is the kind of career milestone that can catapult your professional trajectory into the stratosphere. As a global engineering powerhouse,…

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *