Business interruption insurance can ensure that the business retains income if it is closed due to fire or other reasons. For example, for a factory space, the fire is a bigger problem than an online store that rents an office space. With business interruption insurance, you can also take care of your business in the event of a power failure or gas failure.
Don't forget to take out business interruption insurance when purchasing a business space. Compare insurance providers and pay attention to the rates and conditions.
Pay attention to the duration of the benefits and the amount of the benefits. The amount is usually the sum of lost profit + the fixed costs.
Profit + fixed costs or turnover variable costs are used as the insurance amount. The average premium is usually 1.50% of the insurance amount.
