Loss of Business Profits FAQs
Below follows a selection of the most frequently asked questions relating to our Loss of Business Profits service. We trust the information below will be of value to you. If you have any additional questions, please feel free to contact us directly.
What constitutes an interruption to my business?
Any incident that may cause the business to stop generating income, or results in a loss of profit or potential to generate additional income. Scenarios may include the death of a key player in the business, fraud, burglary, breach of contract, natural disasters and/or disruptions of a social nature that prevent employees from coming to work.
Should I consider insurance for loss of profits and/or loss of income for my small business?
It is advisable to insure against a loss of income/profits for small businesses. Loss of income and loss of profit may result from unforeseen circumstances, so it is best to be prepared for these outcomes.
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