Compare business interruption insurance

When a business experiences a crisis that leaves it unable to operate for a period, the fallout can be catastrophic.

Business interruption insurance aims to help your business cope with a crisis by recovering the profits lost by being out of action.

James Martin Content Writer
minute read

What sort of events would be covered by business interruption insurance? And what isn’t covered?

There are a number of events that could impact a business’s ability to trade. Those covered include:

  • a fire or flood that damages key office space or important stock
  • breakdown of equipment that’s fundamental to your business operations
  • a key supplier is unable to reach you, damaging your ability to sell stock

If any of these things happen, your business could incur unexpected costs and the ability to generate income would be severely affected.

There are certain events that are typically excluded from general business interruption insurance, such as cyber or terrorism risks, but both of these can be covered with additional specific cover if required.

Your insurance provider will talk you through exactly what events would be covered and which ones aren’t.

Business interruption

Why would I need business interruption insurance on top of my other business insurance?

Although losses to your business such as buildings, fixtures, fittings and stock are often covered under a standard buildings and contents policy, such cover will only help you replace or fix what’s broken, not recover lost income and compensate for unexpected costs.  

Floods business interruption

What do I need to do in order to claim?

You’ll need to provide substantiated evidence of your business’s trading performance so that your insurance provider can accurately calculate your premium and, if need be, any potential payouts. 

What do I need to do in order to claim?

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