What is business interruption?

One of the most crucial aspects for any business, is the income that is generated by the business activities. Without income, businesses cannot pay wages, rent, mortgages, advertising and all other expenses. With that in mind, businesses need to ask, what would happen if my business was unable to operate? Especially if an insured event occurs, such as a fire, storm damage or even burglary? If a business could not operate, then for how long could the business continue paying expenses, without any income generated? 1 – 2 months? What if however, that duration was extended to 6, 12 or even 18 months? In most cases, such extended durations would result in permanent or extended closure of the bu

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CP Insurance Services Pty Ltd

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