What is Business Interruption?
Business Interruption Insurance covers financial losses that are a direct consequence of a fire or flood. Business Interruption will assist with elements such as loss of profit, loss of rental and additional staff costs. Business interruption looks forwards not backwards so quite often a Business Interruption claim runs for several years as the financial loss to a business continues long after it reopens. You may also have other costs such as marketing and advertising that are needed to get customers back on board. These are all taken into account with Business Interruption.
Business Interruption specialists
If you are looking to make a Business Interruption Insurance Claim, a good Loss Assessor will be able to help calculate this. Remember Loss assessors work for you and Loss adjusters represent the insurance company. Any claim where there is BI will usually need the assistance of an insurance claim management company or specialist.