How business interruption insurance can help

A damage-causing incident has the potential to prevent you and your employees from working.

The period of time your business is out of action for will depend, of course, on the severity of the damage. It may only be a few days - but it could potentially be months.

This is where business interruption insurance will come in handy.

What is business interruption insurance?

While business property insurance will cover you for the loss and replacement of damaged assets, business interruption insurance is designed to cover you for loss of profit while your company is unable to operate at full capacity.

What does it cover?

Elders Insurance can provide you with business interruption insurance that will help you pay staff, address standing debts and cover the increased costs of working while your company undergoes repairs.

This can include costs associated with finding new, temporary premises to operate in, or getting employees to work extra shifts.

This type of insurance can also help you deal with the impact a damage-causing event will have on supplier and customer relationships, such as the breaking of contracts or the loss of customers to your competitors.

Our business interruption insurance contains a few additional features. For instance, it can help you cover the costs of utilities, such as electricity, gas and water services.

Elders Insurance will also cover your business for the re-writing of records, and may even be able to cover for fines and penalties that your business may incur as a result of being unable to complete orders or provide services.

How can I find out more?

You can pay a visit to your local Elders Insurance agency - they're located all over the country - and discuss your business insurance options. We offer a wide range of cover options to suit all types of businesses - so get in touch with us today!