Business Interruption
Business interruption insurance covers the loss of income that a business suffers after a disaster. The income loss covered may be due to disaster-related closing of the business facility or due to the rebuilding process after a disaster.
Business interruption covers the shortfall in your gross profit caused by the interruption to your business after an insured loss. It may include - Cover following a loss mainly under fire section and some insurers would have a policy to extend this cover for other sections as well e.g. money, burglary, glass, and general property sections; Australian-based customers and suppliers. This section provides protection regarding loss under revenue; additional increase in cost of working; accounts receivable; claim preparation expenses.
