Your business is running along smoothly. Sales are strong, business is growing progressively, and you have an excellent team working with you. This is great news for most business owners.
But, what would happen if an unexpected fire, storm, or an insured peril were to strike your business? What impact could this have on you, your family, staff, suppliers, customers and financiers in your business? Life as you know it would change in a split second.
Learn how EWIB can help you
At East West Insurance Brokers, we understand that you put your heart into your business. With that, it’s important to ensure your business is protected at all times, even in the event of an interruption.
That includes paying your bills and how you go about maintaining your relationships with your clients and suppliers.
Having business interruption insurance helps to compensate you for your lost income in the event of a disaster-related damage, such as a fire break out.
While we can’t predict an accident, you can rest assured that with our tailored insurance package, we will be able to arrange cover for your loss of income and help get your business up and running again in a short period of time.
We know that by having well-structured business interruption insurance, your business would have every opportunity to recover and operate again should a disaster strike.
Why Is Business Interruption Insurance Important?
Having business interruption insurance is crucial, as it provides financial protection in the event of loss or damage. This coverage helps to replace your lost gross profit so that your business can get back on its feet again. Any business that has to close down completely while undergoing repair or total rebuild may cause loss of potential sales to competitors. By having business interruption insurance, this helps to lessen the potential financial blow.
For example, your restaurant catches fire due to a leaking gas pipe and your premise was torn apart by flames. Business interruption insurance will be able to insure your future gross profit for a nominated indemnity period. You’re also able to insure wages for your key employees which will allow you to retain your team during the rebuilding process. This policy will also provide some key benefits which are designed to help you promote and re-establish your business and get you back in the game.
Our aim is to help and support you in the event of an unexpected situation.
We know that having that extra layer of protection for your business will ensure your peace of mind.