Insurer research shows that 84% of SME businesses think they’re fulling insured, but only 2% of Australian SME business are fully protected with business interruption insurance. And around half of all SMEs that have an insurable loss fail within two years as a result of inadequate cover.
There is clearly a disconnect between what people believe they have, to what they really need when it comes to a claim. This is the case across most classes of insurance but arguably none more so than business interruption insurance.
Few businesses can afford the loss of earnings that accompany a physical loss to the business premises such as damaged or destroyed stock or equipment.
Business interruption insurance can help to position your business to financially survive and thrive in the future.
For all your business insurance needs, please contact us for a quote today.