80% of businesses fail within 18 months of a major incident..
For advice on how you can protect your business with the appropriate insurance against unforeseen accidents, speak to our specialist team on Tel: 01702 347788
Business Interruption Insurance
Coverage: This insurance covers the loss of income a business suffers due to a disaster like a fire or other catastrophic events.
It ensures that the business can continue to pay its bills, employees, and other fixed costs even when operations are halted.
Importance: It's crucial for businesses to have this insurance to mitigate financial losses during unexpected disruptions.
Fire Damage Insurance
Policy Details: It's essential to read the fine print of fire damage insurance policies carefully. Many policies require proof that negligence wasn't involved and that all safety procedures, such as closing fire doors, were followed.
Safety Procedures: Implementing stringent fire safety procedures is vital not only for the safety of everyone but also to ensure that insurance claims can be upheld.
Summary
Business interruption insurance helps cover income loss during disasters, while fire damage insurance requires strict adherence to safety procedures to validate claims.
If you are looking for a new policy, or looking to renew, then we would be delighted to offer you a comparable quote. Call one of our specialist team on 01702 347889 or email enquiries@lbhinsurance.co.uk.
