Business Interruption Insurance can keep your business afloat in the event of a claim that stops your business from operating.
What if you had to shut the doors due to an unforeseen disaster such as a fire or storm damage? Would your business survive? What if you were in retail and you were forced to close your doors just before Christmas?
BI (Business Interruption) Insurance covers the shortfall in gross profits caused by the interruption to a business from an event, helps pay ongoing costs and protects profit until the business is back on its feet.
Did you know that 1 in 4 small businesses would not survive if they had to close their doors for three months?
What do you need to consider when it comes to BI Insurance and what can BI Insurance assist with?
- Keeping you afloat while you wait for plans to be drawn up or council permits to be approved when rebuilding
- Cover the costs of finding and fitting new premises, advertising to let your customers know you have moved and when you’re fully open for business again.
- Ensure you are able to continue to pay and retain key staff while the business gets back on its feet.
- Cover interruption costs to your business even if the damage is to another business you don’t own for example what would happen if a major supplier to your business had an unforeseen incident or disaster & could not supply your goods for a period of time?
Call us in Geelong or Werribee and discuss your Business Interruption Insurance needs with one of our experienced brokers.
