Business Interruption InsuranceWhat does it typically cover?
Business Interruption Insurance aims to support your business following a valid claim under the Material Damage policy, which has caused financial interruption to your business. Business Interruption Insurance may cover:
- Loss of gross profit.
- Ongoing expenses such as utilities, rent and employee salaries, even if the business is temporarily unable to operate.
- Temporary relocation costs if the business continues operating at an alternative location.
- Additional expenses to resume normal operations and get your business back on track.
Business Interruption InsuranceWho should consider it?
Business Interruption Insurance is crucial for a variety of businesses, but it is particularly relevant for:
- Brick-and-mortar businesses that heavily rely on a physical location, such as restaurants, retail stores, offices, warehouses, factories and workshops.
- Manufacturing businesses, where interruptions can result in significant losses.
- Small businesses where significant interruption can have a sizable financial impact due to limited resources.
If you want to learn more about protecting your company in the face of the unexpected, contact the Malcolm Flowers Insurances team today.
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