Could your Business Survive being closed after suffering damage or another business being damaged next door denying you access?
Could your Business Survive not operating following major damage? Including Business Interruption Insurance to your Property Insurance policy provides cover for these exposures.
Natural catastrophes like the wild weather damage along the NSW coast as well as the unprecedented fires last year, which ravaged 6.7% of the state, are sited as one of the causes of major business losses, but it is becoming apparent that there are other triggers like digital platforms and supply chains, political risks and environmental factors that are now relevant for businesses.
Interruption by Fires and natural disasters can cost as much as 45% more than the corresponding property damage from such incidents.
Most businesses still need to pay their staff wages, supplier invoices, and rent or loan repayments even if they aren’t generating any revenue.
This is where Business interruption insurance can help you through a temporary crisis. It can cover the shortfall in gross profits and enable you to pay ongoing costs until your business is back on its feet.
For more information on how you can protect your business contact Peter Vickers Insurance Brokers on 1300 784 011.
Why choose Peter Vickers? – For dedicated Personal service, Professional results, we will ensure you get the best policy we can deliver.
To be part of our success stories please contact PVIB if you need help with claiming on your insurance policy or even just advice on the best insurance cover for you.
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Peter Vickers Insurance Brokers is part of the Steadfast broker network.