What is a business interruption insurance?
If your business later (partly) still comes to lie by an injury, you are a business interruption insurance insured for the loss of gross profit. It falls namely, that loss incomes, but often just through fixed charges.Note that you receive with this business of insurance compensation if the business interruption caused by fire, storm, burglary or environmental damage. When your company, at your neighbor or a major public attraction in the area. Whether at the mall or office building where your company is located.
What exactly tell you this?
When a business interruption insurance will receive a fee if your gross profit decreases by circumstances (temporary). You get the allowance during the recovery phase: the time needed to repair the damage, clean up or remediate. And to apply for licenses and to rebuild your property.For any additional cost to address your business as soon as possible, you can count on financial compensation. As the costs you incur for replacement premises to rent or to restore your market again. Examples are the following situations:
- Your property has to been burnt to the ground. Starting over is not easy. First of all, it takes a while before all the permits are because the zoning has been changed and local residents object. And then the building is a big delay. In the meantime, your business is quiet.
- At a company in your street has been released in a fire asbestos. Only when all the neergedwarrelde asbestos is removed, the street can be released. Customers can not reach your business, giving you miss sales.
- A hugely popular furniture store attracts shoppers to the residential boulevard where you have a shop have. After a torrential downpour the flat roof of the department store and the company to temporarily close its doors. Also for you a hefty setback. You get less visitors and sales mist.
What is not insured?
- A decline in revenue that does not come from an insured loss. For example, if you lose a customer because he is dissatisfied is about your product, service or price .
- Damage caused by a natural disaster (earthquake, flood) or by the failure of a power source.
- Rainfall Damage caused by poor maintenance.
When is a business interruption insurance important?
After an injury it can take a long time before you can pick up the business again. Think about neighbors who object to your rebuilding plan. How long are your customers willing to wait?
Often, companies quickly plunging their gross profit as their business comes to a halt. Also with its own financial reserve you to sales usually do not catch yourself this difference. With a good business interruption insurance can significantly increase the survival of your business. The following infographic has insurer Interpolis put the most frequent causes (and the average incidental damages) for you in a row.
How can you avoid injury?
- A result of the three fires or electrical systems . Let this therefore regularly approved by a qualified technician.
- Do not place any materials (pallets, crates, wheelie bins) against the facade to prevent arson and theft.
- Late at flat roofs regularly check the gutters and roof to prevent water damage.
- Mark and register theft items such as tools, scaffolding, ladders and trailers. How to make them less attractive to burglars.
What are the trends in this area?
- The strong weather changes there is often damage by storms, flooding or lightning.
- The damage amounts are increasing.
- Consumers and customers more quickly find a new supplier and will not necessarily return to your business.