Recovering from an insured event often leads to a period of costly inactivity. Business Interruption Insurance is designed to mitigate these losses:
This insurance typically protects against specific events, reimbursing gross income losses during recovery.
The insurance usually covers losses from property and plant damage, working alongside your existing property and plant coverage. It should ideally include loss-minimization measures like temporary buildings and plant.
Business interruption isn’t limited to physical damage. For instance, tax audits can disrupt operations, incurring substantial professional and clerical costs. Similarly, civil disruptions like exclusion orders from authorities can impact business access and operations. Sydney Insurance Brokers provides specialized coverage for such scenarios.
For comprehensive protection against various business interruptions, consult with commercial insurance experts.
