Business Interruption Insurance

SME Insurance

Business Interruption Insurance

Business Interruption insurance, also known as BI, is a much-misunderstood cover which can often be overlooked by small business owners. 

Many business owners are under the impression that their buildings and contents policies will cover everything should their business suffer a loss from events such as floods, break ins or fire.

Whilst buildings and contents insurance provide cover for the initial damage, they do no not provide cover for loss of profits/ revenue or increased costs of working incurred whilst the damage is being repaired.  For many business owners without BI cover, what could start off as just a period of business interruption can soon develop into business termination and financial difficulties.

It is common to arrange business interruption cover as part of a commercial package policy.

Protection for Your Business

There are many different causes resulting in a material damage and consequently your business being interrupted, examples include fire, flood, impact, explosion, and water damage. However, ultimately any insured peril that gives rise to a material damage claim will take effect. Nobody expects their business to be affected by a disaster such as fire, but if and when they are affected, you cannot simply rely on other policies to cover the losses.

In the event of a catastrophe, it is not always simple to replace stock or even equipment, however the building may take much longer to be deemed safe to use, specialist tools can take a longer time to replace and before you know it, your business is being interrupted for a substantial amount of time.

Business Interruption Cover

Business interruption policies cover the financial losses which are a direct consequence an insured peril under the material damage section of a policy. This can include loss of revenue, loss of rental income and increased costs for staffing. It is important to consider business interruption insurance as part of a commercial package policy, no matter what size your business is.

SME Insurance by Sector

Cyber

Cyber attacks are a rapidly growing, see how we ensure you are protected. 

Directors’ and Officers’

Often referred to ad 'D&O', this policy is designed to defend individuals against damaging claims.

Shops and Offices

From office blocks and home offices to hairdressers, florists and newsagents, we cover the entire scope of this sector.  

Commercial Property Owners

For property owners, investors or developers, single property to portfolio's, we have the solution.

Residential Property Owners

For property owners, landlords and associations, we deliver a policy that covers all related risks.

Fleet

One policy for fleets of all sizes. Our online platform compares insurers within minutes, so you know you have the right cover.

Professional Indemnity

Often referred to as 'PI', a profession-based risk management package.

Tradespeople

Our package covers every single trade. Simple, effective and delivered by the same or following working day.

Motor Trade

For dealerships, mechanics, valeters, bodyshops and everything in-between, we've got you covered.

Landlord

Including buildings, contents, liability, unoccupied and rental protection.

Golf Course

Golf courses possess specific risks which specialised golf course insurance can help protect you against.

Bakery

Whether you are a small independent bakery, or a larger chain, it is vital you consider your level of business insurance.

IT Contractors

From basic repairs and builds through to emergency cover, your clients call on you for your expert knowledge and skill.

Coffee Shop

There are many risks associated with not only running a successful business, but in serving hot drinks and food to the public.

Architects

Professional indemnity insurance is an important policy, as you are offering professional services to other people & businesses.

Surveyors

Your clients call on you for your expertise, knowledge and skill, whether you are a quantity or land surveyor.

Wholesalers Insurance

Erskine Murray can help wholesalers to find the appropriate insurance to manage the risks to your industry and provide the right protection for your business needs.

Tech Start Up Insurance

Here at Erskine Murray, we make it easier for you to cover and protect your business with several appropriate policies packaged together.

Media Professionals Insurance

The media and marketing industries can be vulnerable to claims of negligence for what are in fact basic errors.

High Net Worth Insurance

High net worth insurance is ideal for people with high profile occupations such as sports people, actors, singers and other people in the public eye.

Graphic Designer Insurance

As the risks can be fairly wide ranging, there are lots of appropriate insurance policies which can be useful for graphic designers.

Consultants Insurance

As a consultant, your clients rely on you for your service and advice as well as being an expert in your field of work.

Civil Engineering Insurance

At Erskine Murray we understand the many risks associated with those involved with working at height, extreme depth and working with asbestos.

Business Owners Policy Insurance

Business Owners Policy, is an enhanced business insurance policy which combines property insurance alongside general liability insurance.

Contractors All Risk Insurance

Whilst all construction sites are different, there are still common risks and threats shared by them all.

Domiciliary Care Insurance

If you are a self-employed carer, or you run a home care business, you are in a position of trust and responsibility.

Who do I

Contact? 

If you would like to talk more about your SME Insurance needs please contact Rob.

Rob Marshall

Head of SME

Who do I

Contact? 

Rob Marshall

Head of SME

Employee Benefits

Have you considered an Employee Benefits package? Such a policy can help you attract and retain a highly skilled and dedicated workforce.

Professional Indemnity

Our PI arm are specialists in providing PI insurance for architects, consulting engineers and the construction industry.