Business Interruption

Business Interruption Insurance covers your loss of gross profit, the reduction in turnover and the increased cost of working during a period of business interruption.  A business interruption claim is triggered by material or physical damage to your property caused by such events as an earthquake or fire.  It doesn't only include the business you operate from, it could also be your fit-out, equipment or even your stock which is affected.

Business Interruption Insurance helps you with any ongoing financial commitments which your business has, such as payroll, fixed expenses, overheads and mortgage repayments.

If set up correctly, the purpose of Business Interruption Insurance is to put your business back in the same financial position it was prior to the occurrence which caused the cessation of trade.  It may take anywhere from 1-24 months before normal trade resumes, so it is vital that you have insurance that will respond to all your business-related losses.

It is also important to consider Consequential Loss. This is an extension to Business Interruption Insurance, which reimburses lost profits and any extra expenses you may incur as a result of the interruption of your business from a third party.

If you require such protection, you will need to speak to one of our Abraham Insurance Brokers to discuss a business interruption insurance package that is suitable for you.

We at Abraham Insurance understand that Business Interruption Insurance plays a pivotal role in developing a comprehensive risk management plan for your business.  That is why we have specialist professional brokers who specialise in Business Interruption Insurance.