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You never know what’s around the corner… In this case it was a vehicle!

As you are aware your TURNOVER is the heart of any business, and this could cease or suffer a severe downturn following a major loss. During the period of re-establishment or rebuilding, you may also have expenses such as rates, taxes, bank interest, loan repayments to name a few, the majority of which would continue even though your business is not operating, or operating in a restricted or limited capacity. Rebuilding your premises may take several years depending on the work required including site clearing, submitting building plans and obtaining council approval.

Even if you do not own the building, you will need to locate new premises to re- establish your business, all of which can take many months, with little or NO income!

BI 1  BI 2

 

 

 

 

Business Interruption is insurance that would protect your business profits following loss from an insurable event that reduces your turnover.

Your Business Interruption can cover most, if not all of the circumstances outlined and should be reviewed on an annual basis.

We urge you to carefully consider this issue, and feel free to contact one of our experienced brokers for an obligation free quote and review of your business insurance including ‘Business Interruption” cover.    

For more information; please call: 1800 AUSTBROKERS (1800 287 827) and select your nearest branch or click below to request a call back.

Request a Call back

 

 

 

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