Business interruption insurance covers the loss of revenue you suffer following an unexpected event causing downtime to your trading. We will also pay for the additional costs you face to get your business up and running again.
Business interruption insurance can be the lifeline a small company needs after unexpected damage to your property, stopping you from doing what you do best. We understand the importance of reliability, and we’re here to support you and your employees to rebuild after disruption to your trading. We are even able to cover the stock you hold for damage or deterioration as a result of your interruption.
You depend on your income as much as your clients depend on you. Interruption to your business could jeopardise your ability to pay your employees and bills, with many small businesses unable to recover after a financial storm. Our Business Interruption product covers the Loss of Revenue your business suffers, whilst paying for your Increased Costs of Working, so that you can get your business running and your plans back on track.
There are some hazards that all businesses face regardless of how far along in your journey you are. Events like fires and floods could shut down your business for extended periods despite you doing all you can to protect yourself. If your workplace is essential to keeping your business operating, our business interruption policy will pay to repair your property and support you in getting back to business as usual.
We understand that sometimes, the cause or remedy for business interruption can be completely outside of your control. That's why our policy provides you coverage when your supplier experiences interruption, creating knock-on disruption to your trading.
Our advanced protection covers events to your property causing downtime to your business. Your cover includes loss of revenue and increased cost of working up, so that you can get back to work without losing days of time and money. Examples of increased cost of working include paying workers, contractors and third parties additional payment (e.g. overtime) to carry out work which was delayed due to business interruption.
Unlike some policies, our commercial combined insurance covers your liability to your landlord or co-working space if you accidentally damage the premises you rent or hire (including fixtures and fittings). This covers your buildings and improvements, and includes inflation protection and ‘as-new’ reinstatement of items. We also provide rent payable cover, which covers you if you are required to continue paying rent to your landlord in the case of an insured property damage event.
Cover for your stock and materials, at all parts of the production process, including storage of finished goods. We can even cover a deterioration of stock for refrigerated goods.
Computers are a necessity for almost all businesses today. We can provide cover for mechanical and electrical breakdown of your computer equipment so you can be sure to minimise downtime.
Unforeseen events could lead to a shutdown of your business, possibly forever, without the support of policies like our Business Interruption insurance. Our cover was created to help your business recover and rebuild its operations after interruption, allowing you to get back to business-as-usual as fast as possible.
Our cover can also provide you with insurance you may legally or contractually require, such as public liabilities or employment liabilities.
Our business interruption cover is dependent on the gross revenue of your business. This coverage is intended to pay your business the value of lost revenue as well as the increased costs of operating your business after a business interruption event.
This will vary depending on the nature of your claim. For example, the excess on a Money claim, or for ‘deterioration of stock’, starts at £50, while the excess on fixing broken computer systems starts at £250. Excess on larger claims, for example property flooding or subsidence, starts at £1,000. This is because property damage tends to be more expensive to fix.
"Sure. You'd be surprised how far a hug goes with Geordi, or Worf. I'd like to think that I haven't changed those things, sir. Yes, absolutely, I do indeed concur, wholeheartedly! Is it my imagination, or have tempers become a little frayed on the ship lately?"
CEO - The Backsplash
"Sure. You'd be surprised how far a hug goes with Geordi, or Worf. I'd like to think that I haven't changed those things, sir. Yes, absolutely, I do indeed concur, wholeheartedly! Is it my imagination, or have tempers become a little frayed on the ship lately?"
CEO - The Backsplash
"Sure. You'd be surprised how far a hug goes with Geordi, or Worf. I'd like to think that I haven't changed those things, sir. Yes, absolutely, I do indeed concur, wholeheartedly! Is it my imagination, or have tempers become a little frayed on the ship lately?"
CEO - The Backsplash
"Sure. You'd be surprised how far a hug goes with Geordi, or Worf. I'd like to think that I haven't changed those things, sir. Yes, absolutely, I do indeed concur, wholeheartedly! Is it my imagination, or have tempers become a little frayed on the ship lately?"
CEO - The Backsplash
I will obey your orders. I will serve this ship as First Officer. And in an attack against the Enterprise, I will die with this crew.
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