Business Interruption Insurance – are you protected if disaster strikes?

80% of businesses affected by a major incident either never re-open or close within 18 months (Source: Axa).

If a major incident such as a flood or power failure meant your business could no longer trade, it can have a devastating and long-lasting effect on your income and the future viability of your business. None of us know what’s round the corner, but there are some steps you can take now to ensure that your business could survive in a crisis.

Peace of mind with business interruption insurance from CSIS

Many businesses don’t fully understand the details of their insurance policy until it’s too late. A professional insurance broker has the knowledge and expertise to assess your business’ risks and check if your insurance policy is robust enough to allow you to continue trading following a major loss.

Campbell Smith Insurance Services (CSIS) can arrange business interruption insurance – also known as business income insurance – on your behalf by simply adding it to your existing business’ property insurance or package policy.

Business interruption insurance will:

  • Cover the loss of income that your business suffers after a disaster while your facility is either closed or in the process of being rebuilt.
  • Put your business in the same financial position it would have been in if no loss had occurred in the first place.

This means you’ll be reimbursed for profits, fixed costs and operating expenses, the cost of moving to and from a temporary location and other reasonable expenses that allow your business to continue operating while your property is being repaired.

If you think that your business would struggle in a crisis without adequate business interruption insurance, talk to the experts at CSIS today on 01475 728 221 and let us protect your company well into the future.