An incident that affects the business (fire, flood, storm, etc.) can disrupt its activities and may have financial consequences, which can be very serious.
Business interruption insurance compensates the business for the effects of the reduction in sales and helps it cope with its fixed costs by covering its overheads (depreciation, taxes, rent, staff salaries, interest on loans, etc.) This type of insurance also helps the business to cover some of the additional costs associated with the incident.
Among other things, the business can take out insurance
for interruptions due to the following events
Fire and explosion
Damage to electrical equipment
Natural disasters (cover must be included at the point of taking out the policy)
Damage to motor vehicles
Riots, social unrest and vandalism
Attacks and acts of terrorism (cover must be included at the point of taking out the policy)
Supplier failures, lack of access to the site or shutdowns (shopping centers or retirement homes) ordered by the administrative authorities.