Business Interruption Insurance
There is more than 1,300,000 small to medium businesses (SME) in Australia, in the event of a major loss many of these businesses may be unprepared, that is where Business Interruption Insurance comes in.
Business Interruption Insurance covers;
- Pay Wages
- Pay Your Rent
- Pay your Debtors
- And cover your loss of profits.
Generally business interruption is included in Business Insurance packs, however, cover and indemnity periods may vary, if you unsure talk to a broker to discuss your needs 1300 046 787.
Why get business interruption insurance?
If a business is out of action for a length of time Business Interruption Insurance will cover expenses while your business recovers, relocates or restocks. Business Interruption Cover According to the Insurance Council of Australia over 50% of Australian businesses that suffer a physical loss and do not have business interruption cover will not resume their normal business operations.
Source:Knowrisknetwork
How do I arrange a business interruption quote?
Quotesonline uses Insure 247 to process your quote request, they will send you a calculator from LMI, once completed they take it to a number of insurers and come back to you with the quotes.
Please note Quotesonline Insurance News is an information service provided by third parties Insure 247 Australia doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information in the stories Terms of Service
