Why get business interruption insurance?
Covers you for loss of income during periods when you cannot carry out business as usual due to an unexpected event.
Business interruption insurance explained
Business Interruption serves to provide cover to restore the insured to the same financial position at which he would have been, had a peril (such as a fire) not occurred. It provides coverage that protects a business against income loss resulting from unexpected disruptions. It doesn’t cover physical damage itself (that’s what property insurance is for), but it covers the financial impact of being unable to operate normally after a covered event.
What does it cover?
- Covers lost income: Replaces the revenue the business would have earned if operations weren’t interrupted.
- Covers operating expenses: Pays for fixed costs such as rent, utilities, and payroll while operations are suspended.
- Temporary relocation: May cover costs of moving to and operating from a temporary location.
- Debt & loan payments: Helps businesses keep up with financial obligations during downtime.
Why Choose CIB?
– Access to Multiple Carriers
CIB is not tied to a single insurer – we can shop across a wide range to find policies that fit your specific needs and budget.
– Tailored, Personalized Coverage
Rather than cookie-cutter policies, CIB takes time to understand your situation—whether that’s for your home, business, or auto—so coverage aligns precisely with your needs.
– Advocacy and Claims Support
If you need to file a claim or resolve a dispute, CIB acts as your advocate and guide you through the process.
– Expert Advice and Guidance
Our skilled and experienced team explains complex policy language in plain English and help you navigate coverage options with confidence.
– Ongoing Service and Long-Term Support
This includes regular policy reviews, updates as your needs change, and responsiveness when you need help—rather than a one-time sale.