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Business Interruption Insurance

Business Interruption is an essential and important part of any insurance program. Research of fire losses in Australia shows that 43% of businesses suffering a major fire (not necessarily a total loss) never re-open for business. Despite some form of insurance, 28% fail within 3 years and only 29% survive.

Threats to the normal flow of trade have become more extensive and varied as a result of increased globalisation, just-in-time processes and complex supply chains. We provide expertise to help organisations assess less traditional insurable events which can create significant disruption to trade

WITH OUR TEAM ON YOUR SIDE, YOU HAVE THE VERY BEST EXPERTS WORKING FOR YOU: Our loss management specialist consultants and claims preparation experts are highly experienced industry professionals who work together with YOU and your advisors or employees to minimise the disruption, prepare a business recovery plan, and quantify and prepare the insurance claim to ensure that your entitlements are claimed. THE COST OF ENGAGING SUCH AN EXPERT SERVICE IS USUALY COVERED BY THE POLICY.

Below are just a few questions to take into account when considering the insurance program for the business.

 

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