"Business Interruption Insurance is not an insurance company. It is a type of insurance that protects a business in case of an interruption such as machinery malfunction, power outage, or other reason that may cause the business to be interrupted temporarily."
Denis Riley has written: 'Consequential loss and business interruption insurances and claims' -- subject(s): Business income insurance, Business interruption Insurance, Insurance, Business interruption 'Riley on business interruption and consequential loss insurances and claims' -- subject(s): Business income insurance
"Business interruption insurance can be purchased by itself, but for optimal coverage, it is usually used to supplement Property insurance or other types of coverage."
Business consultancies should have insurance that protects their premises. If they have employees they are required by law in the UK to have employers liability insurance. Additionally they may choose to purchase business interruption and professional indemnity insurance too
for this type of cover there is "product recall insurance" policy... which comes under LIABILITY Insurance
Business interruption insurance is to a business what disability insurance is to an individual. During the time that your business is suspended, due to an insured event, the insurance is intended to recover the lost profits and proportional fixed expenses. This should theoretically make the business "whole" during the suspension by reimbursing all of the continuing expenses. BEWARE insurance companies view depreciation as a variable expense, not ongoing overhead, and will attempt to exclude the depreciation on assets, whether destroyed or not, from any business interruption recovery.
Edward C Bardwell has written: 'New profits, business interruption insurance' -- subject(s): Business income insurance
A Business Owner can purchase Business Liability online at the website of Hiscox. You can go to their website and also get an online quote. You can also purchase Business Liability Insurance online at Geico. They have four Business Insurance options including Professional Liability Insurance.
Depending on your needs and financial situation, business travel insurance should be considered for your business trips. Many travel insurance companies have business specific coverage, but you are not legally obliged to purchase travel insurance.
Business Interruption Insurance replaces lost income after a loss. It is best to apply an amount of coverage that is equal to your actual income. The period of time your income can be replaced may be as little as only 3 months, and as much as 18 months depending on the insurance company.
One can purchase catering insurance from: Simply Business, Business Insurance Now, AXA Insurance, Ampminisure, Commercial Quote Insurance, Quote Zone, BUSSVC, Insurance Providers, to name a few.
The small business administration lists providers of business insurance. A few companies that provide this insurance include The Hartford, Hiscox Insurance, and Balcos Insurance.