Business Interruption Insurance

Loss of income

For a business with operations at a standstill, financial losses can be heavy. Despite the loss of income (no sales = no money), the business must still pay certain costs (for example, rent, duties, bills, and taxes).

With business interruption insurance, you can enjoy peace of mind knowing that your net profit, fixed costs, and even some semi-variable costs are covered.

Talk it over with an Ellipse business insurance broker.

Loss of profit

If your business can no longer provide services or products, your sales will obviously be affected. In addition, some clients could turn to the competition. In the worst case scenario, it may take longer than expected to get back to the same level as before.

However, with the right insurance coverage, you could not only receive compensation during the interruption of operations but also after your business resumes, until you have achieved the turnover you would have achieved had no incident disrupted your operations.

Call an Ellipse business insurance broker to find out more.

Loss of key personnel

When a business ceases operations, it can become difficult to pay wages. Some key employees could resign. 

To avoid the loss of key employees, purchase business interruption insurance now and cover your employees’ wages to ensure their payment until the return to normal of your operations.

Talk it over with one of our Ellipse business insurance brokers.

Additional costs

Additional costs insurance covers costs incurred to continue the normal course of your business.  Talk it over with an Ellipse business insurance broker.

Crisis management costs

When a company is forced to cease operations, it quickly becomes the centre of attention. Your company’s reputation may be damaged, and a crisis situation with sensitive external communication may need to be managed.

Business interruption insurance covers reasonable costs and fees incurred by your company to obtain the services of a public relations advisor or a law firm, in order to minimize any potential public harm to your business as a result of a crisis.

Talk it over with an Ellipse business insurance broker.