Eighty per cent of businesses that have major losses end up failing because they are not adequately insured. It’s not enough just to have interruption coverage; it’s imperative to have the right sort of coverage so that when unexpected things happen, you’re able to focus on running your business and emerge from the interruption stronger than ever.
Business interruption insurance covers ongoing expenses, staff wages, the profit you would have lost, and it pays to get you up and running again.
Some of the applicable situations would be if:
- Your business is seriously damaged by a fire
- A natural disaster levels your office
- An explosion is caused from pressure vessels or gas lines.
Steers Insurance offers business interruption insurance for its clients in Nova Scotia, New Brunswick and Prince Edward Island.
