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
An ABC employee who had a holiday rental for his daughters wedding, for photographs before the wedding and for staying overnight after the ceremony and reception. While the ceremony was happening their unit was ransacked. Money was stolen as well as clothing and credit cards etc. When he phoned his insurer to make a claim he was advised it was not covered under his Home and Content Insurance.