Business Interruption Insurance

Business Interruption Policy Overview

  1. What does business interruption policy cover?

    A business interruption policy covers lost income and additional expenses if your business is unable to operate due to events like fire, natural disasters, or other insured risks.

  2. Why do I need a business interruption policy?

    You need a business interruption policy to protect your business from financial losses during periods when you are unable to operate, ensuring you can recover without suffering long-term damage.

  3. What are the benefits of having a business interruption policy?

    It helps maintain cash flow, covers ongoing expenses like rent and salaries, and provides peace of mind that your business can survive unexpected disruptions.

  4. What document will I get after buying business interruption insurance?

    After buying a business interruption policy, you will receive a policy document which is a written contract of insurance between the insured and the insurer. It contains terms and conditions of the insurance cover as well as the risks covered. Ensure that you read and understand the contents of your policy document.