Home featured Featured Finance Insurance Featured In case of fire: why you need Business Interruption Insurance Dynamic Business March 20, 2017 Have you thought about what would happen if your business burned down? There will be stock and equipment to replace, repairs to be made, staff to reorganise and perhaps even customers to refund. With all of this to do, it could take weeks or months before your business is ready to reopen its doors and continue trading. For many small businesses, a lengthy pause in trade can spell bankruptcy. However, there is a way you can protect against interruptions to trade. Business interruption Insurance can help cover your business against loss of profit. In this article, we explain what Business Interruption Insurance is, what it includes, and how to get it. What is Business Interruption Insurance? Business Interruption Insurance helps businesses recover from the impact of unforeseen events such as fire by covering loss of gross profit. While other kinds of insurance, such as property insurance, cover insured property that may be damaged, they do not protect your lost income during the period you cannot trade. By providing gross profit, Business Interruption Insurance helps put businesses back in the position they would have been in had the damaging event not occurred. Do I Really Need Business Interruption Insurance? While it’s important to consult a small business insurance provider, and find the insurance that is right for your business, Business Interruption Insurance is an important protection for most small businesses.