Business Interruption

    Image: Idea go / FreeDigitalPhotos.netWith the riots in 2011 and the upcoming Olympics it is more vital than ever that businesses make sure they have adequate cover under their business interruption insurance.  A recent insurance industry survey announced that small businesses appear to be the most at risk from the effects of major disruption.  So what should you do? initially, you have to make sure your business interruption cover is up to date and on the correct basis.  We have discovered recently that many quotes and covers in the market are incorrectly constructed.  In many cases, brokers have not explained the cover or its importance or how to correctly work out the basis of cover (sums insured).  It is believed 8 out of 10 MAJOR losses are underinsured in respect of business interruption cover.  This is simply not acceptable.

So what can Bromwall do in respect of your business interruption?

We will work with your to assess the risk and ascertain the correct indemnity period and sum insured to ensure you have the correct levels of cover.  It should be appreciated – if you are not going to insure for the correct levels or sums insured, it is not worth insuring at all!  Insurers will, in most cases, subject a claim to average if there is underinsurance (for example a business should have £100,000 business interruption cover but is only insured for £75,000, a £30,000 claim occurs you may think the insurer will pay the claim as it is less than your sum insured however you are only insured for 75% of the correct level therefore the insurer will only pay 75% of the claim). It is imperative that the cover is correct. 

To obtain a review of your current cover call us on 01707 883377 or email us on or see our Insurance Risk Management page here



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