Insurance Against Business Interruption

Business is filled with ups and downs. It is not uncommon to find yourself in a situation where another company fails to meet thier requirements. When this situation results in the loss of your income…its a real problem.

When your business meets an interruption. It costs you money.

Interruption isurance is also known as: Consequential Loss Insurance, Earnings Insurance, Business Income Coverage or Loss of Profit Insurance.

Interruption Insurance is Contingent Upon Coverages of Your Other Policies.

Earnings Insurance is usually a rider on Property Combined Casualty Insurance.

Expect to have a time limit on your policy. You will need to “eat” your initial losses for a certain amount of time before your insurance kicks in. Make sure that your Broker and Insurance Agent tell you these details.

Most businesses are required to have coinsurance with this type of policy. Make sure that your scaffolding company doesn’t make the same mistake that too many do….Don’t allow your business to be under insured!

Have these coverages before you agree to the insurance package and quote.:

• Cyber Terrorism (hackers)
• Viruses
• Loss of Internet
• Internal Theft
• Embezzlement
• Losses from the failure of a 3rd party to perform
• Loss due to a limited acces to your locatkion. (police or military blockade, road construction, floods, earthquakes, fires etc.)
• Loss of earnings due to an outage with your utilities, power, communication networks.