Business Continuity Insurance
Provides coverage to help businesses recover from unexpected events that disrupt operations. This insurance ensures that a business can continue its essential functions and maintain financial stability after a disaster, such as a fire, flood, or other significant event that causes a temporary shutdown.
- Loss of Income
- Covers the loss of income that a business suffers after a disaster. This is calculated based on the historical financial performance of the business.
- Temporary Relocation
- Covers the costs associated with moving the business to a temporary location and the additional expenses incurred to continue operations from that location.
- Contingent Business Interruption
- Provides coverage for loss of income due to damage to a supplier's or customer's property, which impacts the insured business's operations.
- Service Interruption
- Covers losses due to the interruption of essential services such as electricity, water, gas, or internet caused by damage to the service provider's infrastructure.
Information/Documents needed for Business Continuity Insurance
- Full Business Name
- Complete Address of Building Location
- Property Values Broken Down Between Building and Contents
- Building Construction (Please Indicate Whether Concrete or Semi-Concrete)
