Business interruption insurance is also commonly known as “business income insurance” and helps to reimburse expenses and profits from unexpected events that disrupted business operations. Some example of such bad events can be fire, natural disaster, government-mandated closure due to 3rd party factors.
This insurance is usually included in other packages such as Industrial All Risks etc.
A business interruption insurance may cover the following:-
No if you have already purchased industrial all risks or other similar comprehensive insurance package that protect your companies from events that can financially ruin you.
If you do not have such package, it is better to seek it in a comprehensive package to reduce your premiums payable. Do contact us for to seek how you can reduce the costs of insurance.