Business Interruption Insurance
Businesses large or small are exposed to all types of risks, when damage happens from one of the insured risks (fire, flood etc.) business interruption insurance provides cover for the financial effect on the business. Your property insurance will provide cover for the damage to the buildings and its contents; business interruption insurance covers the loss of income or profit resulting from that damage.
In this day and age it is imperative that businesses have this protection, as it is this insurance that protects a company’s income and ability to trade after the effects of the fire or flood have been made good. Without it, even after the buildings have been repaired and the machinery replaced, businesses can find themselves either unable to trade or trading with a much reduced turnover.
If you would like a business insurance quote, please contact us on either Exeter 01392 363111 or Barnstaple 01271 320320