Business Interruption Insurance

Dealing with any loss due to a fire is stressful, however coping with one’s business loss after such a catastrophe can often be more stressful due to the loss of revenue and certain standing charges that continue irrespective of the situation that the insured is placed in; bank interests, employee's salaries, rent, electricity etc.

This ultimately results in a loss of gross profits due to reduction in turn over and increased cost of working during the period of interruption.

For Business Interruption cover to operate, it is compulsory that there be in place a Property All Risks or Fire Insurance Policy. This cover takes into consideration the following aspects, which should be addressed when opting for this cover, as follows:

  • Gross Profit
  • Net Profit
  • Standing Charges
  • Annual Turnover
  • Period of Indemnity.