Business Interruption
Business Interruption Insurance covers a loss of revenue resulting from an interruption to be business caused by a physical damage event at the insured premises.
Coverage is purchased as an extension to the Property Insurance that covers the physical loss or damage from which a loss is derived. It is linked to the time taken to repair or remedy the effects of such material damage including the time for replacement of key equipment and reinstallation at the premises insured.
Such cover can be applied in a number of ways and cover a number of financial losses associated with the business, including business loans, materials and loss of profit where there is a defined revenue stream such as a Power Purchase or Off-take Agreement.
Contingent Business Interruption can also be added for events occurring at named suppliers premises as a further extension to coverage.
MARNIX can advise you on the precise product and service you may require to suit your business needs.