Business Interruption Insurance

/Tag:Business Interruption Insurance

How to minimise being underinsured

Many Australians, especially those who own businesses, discover they don’t have the cover they need in the worst possible circumstances. Insurance is one of those subjects that many people glaze over. So, just to test how knowledgeable you are about this important but unsexy topic, see how many of the following you can answer. Questions What type of insurance can provide cover if a natural disaster results in my business having to shut down for a period of time? What type of insurance can

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5 Reason You Should Have Business Interruption Insurance

What would your business do in the event of a loss Most businesses insure against third party loss with public liability insurance, and most cover their asset with business insurance In 2015 insurer CGU conducted analysis of policies placed with them by Steadfast Insurance Brokers across the property and business interruption classes, they found that 60% of the insured chose not to insure against interruption. Your competitors will be happy to deal with your clients while the business is down Where would your customers

Business Interruption Insurance Explained

Business Interruption Insurance Helping Small Business?

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 Debtors 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

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Consider how you business would cope after a catastrophic loss

Preparing for a Zombie Invasion   As part of management training we are encouraged to think out of the square, be creative and question our response to different situations. So after watching the latest series of The Walking Dead at Insure 247 we are preparing for the Zombie invasion.   We are working out the details, which team members we will take with us (definitely planning to take people who are a good shoot), need a team cook,

What is Business Interruption Insurance

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. Normally part of a Business Insurance policy, it will kick in following a fire or other insured peril occurring at a business premises when some form of interruption to the business occurs.   What type of expenses does Business Interruption Insurance Cover? This insurance will cover your business related expenses like rent, wages, relocation expenses, advertising and

Insurer offers Ebola specific Business Interruption Insurance

Ebola specific Business Interruption Insurance Brooklyn Underwriting is offering a Ebola specific Business Interruption Insurance, the policy offers business owners the chance to insure against an Ebola shut down, coverage includes a ‘per day’ benefit up to 30 days (following a forced shut-down) plus mandatory evacuation expenses. Limits from $250,000 to $5,000,000 are available . Brooklyn Undwriting is located in Sydney Australia, Brooklyn Underwriting Pty Ltd (Brooklyn) is a specialist underwriting agency that has been operating in the Australian wholesale

Do You Have Appropriate Business Interruption Cover

            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. And yet only 30% of SME Businesses have Business Interruption cover as part of their insurance portfolio. Business interruption insurance, also known as “loss of profits insurance” or “consequential loss insurance”, complements insurance on material assets such as buildings, plant and stock. It is designed to provide protection against

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