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Business Interruption / Loss of Profit Insurance
Unforeseen events can disrupt your business operations, leading to a significant loss of profit. At UniTrust Insurance Broker LLC, we understand the importance of securing your business against such potential financial losses. That’s why we liaise with our reputable insurance partners to arrange for you a tailored Business Interruption/Loss of Profit insurance policy.
The policies we arrange are designed to cover the loss of income that your business suffers after a disaster, helping you maintain your financial stability during challenging times. With a clear understanding of your business needs, we guide you towards the best-fit policy, providing a safety net to keep your business afloat.
Loss of gross profit due to reduced turnover
Increased cost of working
Fixed costs still being incurred by the property
Temporary location cover
Extended indemnity period
FAQs:
Business Interruption/Loss of Profit insurance is a type of policy that covers the loss of income that a business suffers after a disaster. It’s essential as it helps you maintain financial stability, allowing you to cover ongoing operating expenses and recover lost profits due to a slowdown or temporary suspension of normal business operations.
Increased Cost of Working cover in a Business Interruption/Loss of Profit insurance policy takes care of the additional operational costs you might incur to keep your business running after a disaster, such as temporary relocation costs or overtime wages.
The extended indemnity period provision in a policy extends the insurer’s liability for loss of profits for a specified period beyond the standard indemnity period, ensuring your business recovers completely before the cover ends.
At UniTrust, we understand your business’s unique needs and work towards arranging policies that provide comprehensive coverage against various potential business interruptions. Our goal is to provide you with a financial safety net to weather unforeseen challenges.
Absolutely. Business Interruption/Loss of Profit insurance is crucial for any business, irrespective of the industry. The policies we arrange can be tailored to suit the specific needs and nature of your business, offering robust protection against interruptions and loss of profit.
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