There are countless reasons why a business may temporarily shut down as a result of an unpredictable business interruption.

Such interruptions can cause significant financial challenges such as:

– Lost income but continued operating expenses

– Reduced earning capacity

– Increased vulnerability to competition

– Financial strain that hinders recovery/reopening

– Permanent loss of important customers

– Loss of key employees

A property insurance policy only covers the physical damage to the business while business interruption insurance covers:

– Profits a business would have earned, had the property not been damaged by the covered disaster

– Operating expenses

– Some policies cover extra expenses involved in establishing temporary premises

For more information about protecting your business with business interruption insurance contact your insurance broker.