Business Interruption Insurance

A life-line to help keep your business operational

Could your business afford to pay its bills and continue trading after suffering an unexpected event?

How long would it take for your business to get up and running again?

Could your business afford to absorb reduced income or absorb a loss?


Unfortunately, too many businesses are unaware of Business Interruption Insurance and simply don’t understand the life-line this product can offer. Business Interruption Insurance can often mean the difference between a business surviving or being forced to close its doors after suffering an unexpected event. Wouldn’t you prefer the peace of mind in knowing that you’re insured should something go wrong?

Business Interruption Insurance can help keep your business operational by covering its lost income. This can allow your business to recover from an unexpected disruption or a major loss and can allow you to rebuild your business.

Do I need Business Interruption Insurance?

Almost every business will have an ongoing expense requiring payment even when you’re not generating any revenue. For example, your employee’s wages, supplier invoices, and your rent or loan repayments will still need to be paid.

The intention of Business Interruption Insurance is to help protect your cashflow after suffering an unexpected event by providing cover to pay expenses which effectively ensures the ongoing operational future of your business. Business Interruption Insurance can cover the loss of sales due to impacts to your business following an unexpected event. It can also cover extra costs you incur to keep your doors open and continue trading.

For example, these costs could include; operating expenses such as rent and electricity; costs associated with operating from a temporary location; damage to a supplier’s premises which negatively impacts your business operations; closure of your business premises due to a government ordered street closure or curfew; among many more unforseen events.

Every insurance policy will have exclusions and an excess or deductible but our team of qualified and experienced insurance brokers can explain these to you in detail. And we understand that every business is different so we will tailor an insurance solution specifically to your needs and requirements.

Do you have a Business Continuity Plan?

Does your business have a continuity plan should something go wrong? Good business management is to have a plan in place on how you will manage an unexpected event, effectively minimising interruption to your business. Refer to our Important Information Booklet which has some useful information on Business Continuity Planning or speak to our team of qualified and experienced insurance brokers.

Effectively, Business Interruption Insurance, in conjunction with your Business Continuity Plan could very well save your business from suffering reduced income or even forced closure.

Case Study

Richard is the owner of a well established suburban hotel with twenty one staff on its payroll in addition to a number of suppliers.

One evening, the building next door catches fire and it spreads to his hotel’s business premises, destroying the property along with all its stock and computer systems. Richard is unable to operate his business for almost two years whilst it is rebuilt. Because the business isn’t operating, Richard’s not making any money but the bills continue to come in as usual.

Luckily, Richard listened to his Steadfast Brecknock broker and understood the importance of Business Interruption Insurance, and had cover in place. Richard banks one of many insurance payments which helps maintain his cash flow at pre-interruption level which means Richard can continue to pay his staff their regular wages, allowing the staff to keep their jobs and rents a temporary premises so the hotel can continue operating. Richard also uses the insurance payments to cover the costs of communicating to his customers about the fire and encourages his customers to come visit him at their new temporary premises.

Business Interruption Insurance Fact Sheet

Download our Business Interruption Insurance Fact Sheet or contact us for further information.

Flexible payment options

When it comes to paying for your insurance, we can offer a range of payment options to help improve your cash flow.

Not all insurance policies are the same

Not all insurance policies are the same and you usually get what you pay for. It’s a case of “buyer beware”. We compare the differences between insurance policies which helps us arrange the most appropriate insurance policy for you and provide you with the right advice, allowing you to make an informed decision.

Access to more insurers

We have access to a wide range of insurers, including those who don’t deal with the general public. This provides more options for your consideration and helps ensure you can receive the best level of cover available.

Don’t wait until it’s too late!

There’s so much to take into consideration when deciding which policy best suits your specific needs and requirements and how to calculate your sums insured’s and indemnity periods, among many other important considerations.

Contact our team of qualified and experienced insurance brokers today for the right insurance cover and the right advice.

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