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info@tradelinksins.com. +968 24816999

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  • info@tradelinksins.com
  • +968 24816999

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Business Interruption (BI) Insurance

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Service Details

Business Interruption (BI) Insurance is an essential coverage designed to help businesses manage the financial impact of a temporary shutdown or disruption caused by unforeseen events. It covers perils such as fire, flood, explosion, or other disasters that may halt business operations.

This policy typically compensates for the loss of revenue during the interruption period, ongoing fixed expenses such as rent and utilities, wages for employees, and additional costs incurred to operate from a temporary location. The benefits of BI Insurance are significant — it ensures financial stability, protects cash flow, and supports business continuity during challenging times, helping organizations recover faster and more efficiently.

Frequently Asked Question

Q:.What does Business Interruption Insurance cover?
 
A: The policy covers loss of gross profit or revenue due to business downtime following insured events like fire, flood, or natural disasters. It may also include coverage for fixed operating costs, temporary relocation expenses, and employee salaries.
Q. How is the compensation period determined?
 
A: The indemnity period — the time during which the insurer compensates for income loss — is chosen by the business owner when purchasing the policy. It typically ranges from 6 to 24 months, depending on how long it might take to restore normal operations.
Q:Is Business Interruption Insurance a standalone policy?
 
A: Usually not. BI Insurance is commonly purchased as an extension of a Property or Fire & Special Perils Insurance policy, as it relies on physical damage to insured property to trigger the coverage.

Service Included

  • Loss of Income Coverage
  • Fixed Operating Expenses Protection
  • Employee Wage Continuation
  • Temporary Relocation Support