What is office insurance business interruption cover

Business interruption insurance covers loss of income should a business suffer a disaster, for example, if your office burned down to the ground.
If you only cover the ‘property’ under your office insurance with no business interruption the insurance you have taken out will only respond to the physical damage to the business. What the business interruption insurance cover will offer under the combined office policy is the profits the business would have made if it had been able to trade normally. The following areas could be claimed on if you had included business interruption insurance when purchasing your office combined insurance policy:

• Fixed costs – based on historical figures
• Cost for temporary re-location to get the business up and running again
• Profits that could have been earned in normal trading (based on previous financial records)
• Expenses – that may have been occurred beyond any fixed costs

For advice on your office policy requirements please call Professional Insurance Agents Ltd on 01323 648000
We can discuss both UK operations and companies that trade in other countries, particularly if they have staff working abroad. We would need to look at offering other additional covers as “add ins” to the standard office insurance combined covers, commercial travel, kidnap and ransom, legal protection and worldwide cover.
We think that we can offer comprehensive office insurance covers at the right price and costs. We are also able to offer Professional Indemnity Insurance, Public Liability Inusrance, Directors and Officers Insurance as well as other commercial insurances.