Usually, it is an extension of a Property or Fire Insurance policy. It is triggered when a physical loss (covered by the primary policy) leads to a halt in business activities.
When a disaster strikes, physical repairs are only half the battle. Business Interruption Insurance (also known as Loss of Profit Insurance) is designed to protect your company’s financial health while your doors are closed. While property insurance fixes the building, this policy replaces your lost income, ensuring that a temporary shutdown doesn’t lead to permanent closure.
Protect your profits and maintain your momentum, even when your operations are on hold.
Imagine a fire or flood forces you to stop trading for months. Even without revenue, your fixed costs—like rent, loan repayments, and employee salaries—don’t stop. Our Business Interruption plans step in to cover these ongoing expenses and compensate you for the net profit you would have earned during the downtime. It is the ultimate survival tool for any business, providing the cash flow needed to keep your team together and your business viable until you are back on your feet.
Usually, it is an extension of a Property or Fire Insurance policy. It is triggered when a physical loss (covered by the primary policy) leads to a halt in business activities.
This is the maximum duration for which the policy will pay out for lost income. You can choose a period (e.g., 6, 12, or 24 months) based on how long it would realistically take to rebuild your business.
Standard policies usually require physical damage (like fire or storm) to trigger a claim. However, specialized "Non-Damage" extensions can be added to cover interruptions caused by cyber-attacks or civil authority closures.