Business Interruption insurance covers businesses forced to close or suspend operations due to an unexpected event. While revenue streams may be disrupted, for many business owners, running costs like rent, utility bills, suppliers, and staff wages still need to be paid.
If the unforeseen does happen, business interruption insurance can protect you from significant financial losses. In the event of a business interruption, many businesses begin to fail as they are unable to continue paying ongoing expenses and don’t have the support of an insurance company.
Business Interruption insurance is designed to cover the loss of sales and ongoing operational costs should your business be temporarily unable to trade. Policy benefits can include:
Business interruption insurance considers several factors, including the specifics of what is covered. Coverage options vary based on your business and policy; however, below are some events typically covered under business interruption insurance:
Our insurance brokers at Regional are committed to providing you with tailored advice and policies that best suit your business needs. We take the time to understand your business and identify the specific coverage required to protect you from unexpected business interruptions.
Our team always recommend a business interruption insurance policy, especially if you are a small business that would be significantly impacted if you couldn't trade for an extended period. Consult with one of our experts and protect your business today with Regional.
Insurance isn’t always a one-size-fits-all policy. Whether you’re in manufacturing, food and beverage, hospitality, property owner, tradie or a truckie, we’re here to help structure your insurance program to suit.
Premium Funding is a financial management service that can help your business manage its cash flow and preserve working capital by spreading the cost of your insurance premiums instead of lump sum payments. At Regional, our brokers can assist with funding arrangements for your insurance program.