While most companies insure their building and contents against disasters like fire, theft, and storms, many still neglect to insure for the interruption to their business caused by these events.
Did you know, according to the Actuaries Institute, the cost and funding of natural disasters in Australia has estimated that natural disaster cost Australia $11 billion on each year?
As a business owner, there are ongoing expenses that you need to pay even if your business is not generating any revenue. Expenses may include staff wages, supplier invoices, rent, or loan repayments. Therefore, it is extremely important to have appropriate business interruption insurance to back you up in the event of an unexpected disruption.
Any business that has to close down temporarily because of events that are beyond your control may cause loss of potential sales to competitors. Therefore, the business interruption insurance policy is designed to help you replace lost gross profit so that your business can get back on its feet again. In the event of loss or damage to your premise, you are also able to insure wages for your key employees which will allow you to retain your team during the rebuilding process.
At East West Insurance Brokers, we have a team of professional brokers that can guide you through the available cover options for your valued business.
Being a member of the Steadfast Group, we have access to a wide range of insurers with the highest quality of insurance policies, developed especially for members. We offer individualised insurance solutions to all business types. Most importantly, we understand that there is no “one-size-fits-all” policy when it comes to insurance protection.
Learn how you can keep your business safe, secure, and protected. Take the time to talk to us, you’ll be glad you did:
P: 1800 809 132
*Please note all insurance policies have exclusions. Please refer to the Product Disclosure Statement or Policy Wording before deciding whether the insurance policy meets your needs.