Business Interruption Insurance, Business Continuity Planning and Advance Profits are covers to ensure your business has a strong future.
Business Interruption Insurance
If you ever have to face business NOT as usual through some unwanted disaster or situation, this would not only dent your profits but you would lose the ability to cover ongoing expenses such as payroll, taxes, loan payments and utilities. The expenses associated with recovering those losses, or operating your business in another location, would have to be factored in. The ‘bottom line’ result would be expensive and stressful.
Business Interruption Insurance will help you keep your business running in the unfortunate event that your operations are suspended due to fires or other disasters. It will reimburse you for lost profits and the fixed expenses of your business in the event of any interruption that is covered.
Have you spoken to us about Business Continuity Planning?
In today’s uncertain business environment the most important factors regarding commercial risk management are cost and time. When something goes ‘wrong’, your cover needs to minimise financial loss and get you back to ‘right’ as quickly as possible
Hurford Parker works very closely with clients to create tailored Business Continuity Plans which:
- Define the key processes in a client’s unique operations, those that impact the most on profitability and productivity;
- Identify the risks most likely to threaten those key processes, those risks that could cause significant interruption to operations;
- Determine the likelihood of each risk factor occurring, and the consequential impact; and,
- Manage, mitigate, insure, avoid, assume or eliminate these business risks.
Contact us now to make an appointment.
Contract Works – Advance Profits
Protects against loss of anticipated income/turnover from a venture, process, expansion or construction programme where loss or damage delays or prevents the commencement of the undertaking. Also protects against accounts receivable inability to recover debtors due to destruction/damage to records.
The above descriptions are a general guide only. For a full description of what a policy covers please refer to the agreed wording, or the insurer’s own wording. If you wish to have a copy of the wording please contact us. If you have a specific insurance cover requirement that is not listed, please contact us.