BUSINESS INTERRUPTION Insurance

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IF YOUR BUSINESS HAS TO STOP TRADING UNEXPECTEDLY, MAKE SURE YOU'RE FINANCIALLY SUPPORTED WITH BUSINESS INTERRUPTION INSURANCE.

There are many things that could unexpectedly stop your business from trading. Fire, flood or theft could leave your premises unusable – but what about non-physical damage too? This includes internet outages, cyber attacks and much more.

If your business had to stop trading, how long could you stay afloat before falling into financial difficulty? Business Interruption Insurance is there to support you if something does go wrong and you’re unable to trade for a while. It gives you the financial backing to help get your business back up on its feet again.

We understand that Business Interruption Insurance can be confusing, and Policy Wordings difficult to navigate. Don’t worry, we’re on your side. Utilising a dedicated broker is essential. Contact us to arrange a confidential review of your business and insurance terms; we are then able to determine our best offer which might be better than your current business interruption arrangement.

What is business interruption insurance?

Business interruption insurance gives you the financial backing to help get your business back on its feet again after a disaster.

Reasons why your business may not be able to trade, or see a tangible loss in trade, include:

Road works or building works nearby
Fire
Storms and Flooding
Theft and break-ins
Vandalism
Cyber attacks
Loss of internet due to service issues
Machinery breakdown
Labour disputes

*Valid reasons will depend upon policy wording.

Business interruption payments are designed to fully support a business, catering for it’s profit as well as it’s expenses over the time period lost.

Why is business interruption insurance necessary?

According to the Building Cost Information Service, 40% of businesses don’t have enough Business Interruption cover. That’s why it’s important to work with a reputable broker who will ensure your business is protected. We’ll get to know your business, assess your risks and make sure your policy will provide the cover you need should the worst happen.

Two years is likely to be a minimum period for a business to fully recover its trading level.

Contact Romero Insurance for a full audit of your insurance policy.

Arrange a confidential review

Contact us today to get started with Romero Insurance Brokers. With your permission, we will be able to perform a confidential review of your business and insurance terms, able to go to insurers and determine our best offer which might be better than your current provider.