Business Interruption Insurance

Business Interruption Insurance

There is more than 1,300,000 small to medium businesses (SME) in Australia, in the event of a major loss many of these businesses may be unprepared, that is where Business Interruption Insurance comes in.

Business Interruption Insurance covers;

  • Pay Wages
  • Pay Your Rent
  • Pay your Debitors
  • And cover your loss of profits.

Generally business interruption is included in Business Insurance packs, however cover and indemnity periods may vary, if you unsure talk to a broker to discuss your needs 1300 046 787.

Why get business interruption insurance?

If a business is out of action for a length of time Business Interruption Insurance will cover expenses while your business recovers, relocates or restocks.Business Interruption Cover According to the Insurance Council of Australia over 50% of Australian businesses that suffer a physical loss and do not have business interruption cover will not resume their normal business operations.

Source:Knowrisknetwork

How do I arrange a business interruption quote?

Quotesonline uses Insure 247 to process your quote request, they will send you a calculator from LMI, once completed they take it to a number of insurers and come back to you with the quotes.

 

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Please note that any advice given has been provided without taking into account your objectives, financial situation or needs. It is also based on information we have obtained from you. You must ensure the information is accurate and complete. Otherwise, this advice may be based on inaccurate or incomplete information. You should consider whether the advice is appropriate in light of your objectives, financial situation and needs. Please read the Product Disclosure Statement and contact us if you require any clarification
By | 2016-02-02T00:48:40+00:00 February 2nd, 2016|Business Insurance, Insurance Information|
 
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