In Focus: Business interruption and the broker
BI is a potential problem for any SME. Sam Barrett learns how brokers can soothe the pain of having to stop work.
Whether it's a flood, fire or a theft, when an SME suffers a loss, the time it takes to recover can sometimes finish the business off altogether. Ensuring these firms have considered what's at stake is therefore an essential part of risk management.
While business interruption insurance can cover the loss of income during this period, it's unfortunately an area where SMEs fail to take out adequate cover.
"Business interruption insurance is the biggest source of underinsurance and policyholder
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