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Business Interruption Insurance

If your shop premises were so badly damaged due to such things as fire, storm, flood or even theft meaning that you could not operate your business from those premises for a considerable period of time until rebuilding/repair work had been completed, what would you do?

Yes, there would no doubt be adequate buildings and contents insurance in place but have you considered how you would pay some of the fixed business costs that would still continue such as loan repayments or rent if there were no income coming in?

Business Interruption Insurance, also known as Consequential Loss Insurance, can provide the solution. It provides the cover that you would require to protect the loss of income that your business would undoubtedly suffer as a result of the temporary interruption in business thus maintaining financial continuity. This type of cover could make the difference between the business being able to stay afloat or go under.

A Business Interruption Insurance policy should ideally provide cover over a period that runs from when the disaster occurred until the business premises has been repaired and you are operating from it once more at a level that you were previously performing at. That period will vary but could be anything up to 2 to 3 years.

A Business Interruption Insurance policy could cover the likes of loss of profits, fixed costs, additional expenses incurred such as those relating to relocating to temporary accommodation and the damage or loss to customer records that prevent you from recovering debtor monies.

You can arrange a competitive quote for Business Interruption Insurance through Shop Insurance Direct without any obligation.

SID is owned by APB Media Ltd, an Introducer Appointed Representative of One-Sure Insurance Limited, which is authorised & regulated by the Financial Services Authority (FSA) under firm reference 447730. You may check this on the FSA's register by visiting the FSA's website, www.fsa.gov.uk/register/ or by calling 0845 606 1234. * Take out an insurance policy through One-Sure Insurance Limited and if you find a cheaper Insurance quotation within 48 hours, subject to written proof being received that the Insurance quotation is on a like for like basis, One-Sure Insurance Limited will cancel the Insurance policy and issue you with a full refund.