Business Income Insurance protects your business profits and expenses due to consequential loss when accidental perils or disasters suspend your business.

Typical Coverages are:

Profits
– Firstly, Profits that you would have earned

Fixed Expenses
– Secondly, Business Income Insurance Policy protects you against operating expenses and other costs that you continue to incur on your owned or leased property

Temporary Location
– Thirdly, Some policies cover the extra expenses for moving to, and operating from, a temporary location

Extra Expenses
– Finally, Getting Extra Expenses Insurance is an ideal option if your business is service oriented. For example, Business Income Insurance would compensate additional costs incurred by moving to a temporary location, installing replacement equipment, and including necessary advertisement in order to get your business immediately operating after a loss.

This coverage can be helpful when:
-Fire, flood or other natural disaster at your business
-Failure of public utilities
-Denial of access due to damages to neighbouring premises

Sometimes consequential loss can be greater than physical loss to your property. This insurance is designed to get your business back on track without financial burden.

Types of Business Interruption coverage

“Gross earning form”

Business Income Insurance with a ‘Gross Earnings Form’ pays out the reduction in gross earnings until you restore, replace, or repair the insured property within a certain period.

“Profits form”

continues to pay profits until you restore the insured property and business profit to pre-loss levels or until you reach the policy limit.

“Actual loss sustained”

covers up to the amount insured sustain a business income loss due to covered perils.

There are many different types of insurance policies for business income; you will find that there are so many different types of insurance policies for IBC alone.
We will offer you the best and leanest plan from many companies and many plans.

Who needs Business Interruption Insurance?

If your business operation relies on certain equipment or location, you may consider purchasing Business Income Insurance.

Please call us or email us for consultation.

Do you engage in e-commerce?
Learn about E-Commerce Insurance.