Posted in General News
on 2nd Feb 2021
What is Business Interruption Insurance?
Many businesses do not take out Business Interruption Insurance as they mistakenly believe that losses can be adequately covered by other insurances such as buildings and contents policies. Whilst these policies can assist in remedying any damage caused by, for instance, a fire or a flood, they do not deal with consequential losses that flow from such events.
Unfortunately, this is being highlighted now more than ever. With this unforeseen external event causing consequential losses to the vast majority of...