This policy covers any consequential financial loss you may encounter at your business premises. Imagine your office gets severely damaged by fire. Not only do you have to think about rebuilding it from the ground up, but you’ll probably lose income too while thinking of an alternative location to keep you going. In reality, this sounds a lot. But with this policy, you won’t have to fork out all these expenses.

1. A lot of the times, you usually don’t ever foresee a disaster. So as bad as this may sound, you’ll need to think and imagine the worst-case scenario. This will help you understand how much time you’ll need to be back on your feet considering a variety of factors such as permits and building regulations.
2. Identify how much time you’ll need to retain vital staff and lead times in obtaining new equipment.
3. Calculate the expected gross revenues of the business for a stated period. You can do this by projecting the past 12 to 14 months of your fees or sales forward depending on your business and adjust your calculations on whether your business expects to grow or decline.
4. Calculate the expected gross profits of the business over the stated period.
5. Work out how much it will cost to move and operate your business from a temporary or hired location.
6. You’ll also need to figure out how much you’ll potentially save during that time. These include costs such as utility bills or maintenance costs.
7. Be sure to check your lease agreement with your business landlord to determine if you’re liable for rent if the building happens to be demolished. If so, estimate how much rent you’ll need to pay during that particular time.
8. Under your saved expenses, calculate the expected payroll of staff who won’t be employed during the stated period.
9. Add the figures for gross profits and, if applicable, moving costs and continuing rentals. Deduct the expected saved expenses from this figure. This is the sum needed for business interruption coverage.

• Losses resulting from damage to your property while in transit.
• Losses resulting from access to an insured premise being prevented due to damage to nearby premises.
• Losses resulting from damage at the premises of a public utility.

• Riots or civil commotions
• War risks, terrorism & political risks.
• Radioactive contamination/explosive nuclear assemblies
• Pollution or contamination
• Corrosion
• Rust
• Changes in temperature, wind, or rain damage to movable property.
• Risks related to motor vehicles, watercraft, aircraft, livestock, or buildings in the process of being built.