Considering Business Interruption Coverage:
In addition to ensuring your physical property or assets, consideration
should be given to insuring loss of income. A review of each
individual risk will determine the type of Business Interruption
required.
It may be as simple as covering that added expense of relocating your business to another location temporarily, or as considerable as providing income replacement until the operation is re-established and operating at pre-loss volumes.
A major property loss without the appropriate business interruption coverage could result in the financial demise of a commercial venture.
Extra Expense covering the extra expense of an insured in carrying on business following a loss from an insured peril.
Gross Earnings coverage is a form of insurance under which the Gross Earnings are insured.
Profits Form coverage is Insurance indemnity for loss
of income as a result of physical damage to the insured's premises
or plant by an insured peril. The profits form is based on the loss of sales as contrasted by the gross earnings form of business interruption.
Our Staff would be pleased to assist you in making an informed choice when addressing these important issues. |
