If your business was forced to shut down for a few weeks due to a fire, flood, or other insured event — could you continue to pay staff, rent, or suppliers?
Business Interruption Insurance (BI) is designed to help you recover from exactly that situation. It provides financial support for lost revenue and ongoing expenses when your operations are halted by unexpected events.
What does it cover?
• Loss of income due to physical damage to premises
• Costs to resume operations (e.g. equipment hire)
However, BI only applies if the disruption is linked to property damage that’s covered under your existing policy — such as fire, storm, or vandalism. It does not usually cover pandemics or economic downturns unless specifically arranged.
Why it matters: Many businesses underestimate how long it takes to bounce back. Even if you’re insured for the physical damage, it can take months to fully restore operations — and during that time, revenue may be zero.
Key tips:
• Review your indemnity period (usually 12–24 months)
• Match cover to real operating costs and projected income
• Work with your broker to understand exclusions and adjust accordingly
Business Interruption cover is not just for large corporations — it’s essential protection for SMEs too. Speak to your insurance adviser to see If you have the right level of support in place if the unexpected happens.
The information provided is for general information purposes only, and it is not a substitute for professional advice. You should always consider the PDS/Policy wording before making a decision. Coverage may differ based on specific clauses in individual policies
Navigating Business Interruption Insurance: What You Need to Know
If your business was forced to shut down for a few weeks due to a fire, flood, or other insured event — could you continue to pay staff, rent, or suppliers?
Business Interruption Insurance (BI) is designed to help you recover from exactly that situation. It provides financial support for lost revenue and ongoing expenses when your operations are halted by unexpected events.
What does it cover?
However, BI only applies if the disruption is linked to property damage that’s covered under your existing policy — such as fire, storm, or vandalism. It does not usually cover pandemics or economic downturns unless specifically arranged.
Why it matters: Many businesses underestimate how long it takes to bounce back. Even if you’re insured for the physical damage, it can take months to fully restore operations — and during that time, revenue may be zero.
Key tips:
Business Interruption cover is not just for large corporations — it’s essential protection for SMEs too. Speak to your insurance adviser to see If you have the right level of support in place if the unexpected happens.
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Disclaimer:
The information provided is for general information purposes only, and it is not a substitute for professional advice. You should always consider the PDS/Policy wording before making a decision. Coverage may differ based on specific clauses in individual policies