Helping You Return to ‘Business as Usual’

Picture this: Your business is thriving, everything's running smoothly, and then disaster strikes! Whether it's a fire, a flood, or any other unforeseen calamity, the interruption to your operations can be financially devastating. But fear not, because can save the day.


What's Covered?

Business Interruption Cover steps in when your business grinds to a halt due to damage to your insured property. This includes scenarios covered under the fire, building combined, and office contents sections, or any other material damage insurance that safeguards your interests.


Understanding the Basics

When it comes to calculating your losses, we consider factors such as your annual turnover, revenue, and gross rentals. These figures are adjusted to reflect your business's trends and any specific circumstances affecting it.


The Indemnity Period

This is the duration for which compensation is payable under your Business Interruption Cover. It starts from the date of the loss or damage and ends no later than the maximum indemnity period stated in your policy schedule.


Making Sense of the Specifics

We cover various aspects of your business operations, including:

  • Gross Profit (Difference Basis)

This covers the loss of gross profit due to reduced turnover and increased cost of working. Essentially, it helps bridge the gap between your normal earnings and the downturn caused by the interruption.

  • Gross Profit (Additions Basis)

Similar to the difference basis, this covers loss of gross profit, but also includes additional expenses incurred to maintain operations during the interruption.

  • Gross Rentals

If your business relies on rental income, we will compensate you for any shortfall in gross rentals during the indemnity period.

  • Revenue

It covers the loss of revenue during the interruption period, helping you to stay financially afloat despite the setback.

  • Additional Increase in Cost of Working

For any reasonable additional expenses necessary to keep your business running smoothly during the interruption.

  • Wages

It covers the loss incurred by paying wages during the indemnity period for employees whose services couldn't be utilised fully due to the interruption.


Key Takeaways

  • Act Quickly:

It’s essential to take practical steps to minimise interruption to your business or avoid further losses after the damage occurs.

  • Keep Records:

Any sales or services rendered from alternative premises during the interruption period need to be documented and accounted for in your claims.


Business insurance acts as a financial safety net, helping you weather the storm when the unexpected happens. So, focus on running your business with peace of mind, knowing that has your back when you need it most.