Business Interruption

An event suffered by a company (fire, flood, storm, etc.) can disrupt its business and result in sometimes grave financial consequences. After a serious event, the affected company experiences an often-lingering drop in business or its production may come to a complete standstill, resulting in significant financial consequences.

Business Interruption insurance enables companies to compensate for the effects of lower turnover and pay their fixed costs by covering general ongoing expenses (depreciations, tax, leases, employee salaries, loan interest, etc.). This insurance also helps companies bear certain additional costs following the event.

The compensation paid under the Business Interruption cover is intended to offset the drop in turnover. It helps the company regain the financial position it would have had if the event had not occurred. The insurer and specialist experts also seek solutions to help the business get up and running again as quickly as possible.

The company can insure itself against business interruptions caused by events including:

• Fire, explosion or lightning
• Water damage
• Machinery breakdowns
• Storms, hail and heavy snow on the roofs
• Natural disasters
• Impacts from motorised land vehicles
• Riots, popular movements and vandalism
• Attacks and acts of terrorism