What is business interruption insurance? Business interruption insurance is an insurance product designed to cover lost income and revenue if your business is unable to trade following a loss caused by an insured event. For example, closure of your building premises following a disaster, or the downtime caused by rebuilding work, can mean you have […]
As we’ve said before, disaster can strike at any time. And it is always unexpected. This is what can make it so devastating to your business. Being prepared and having plans in place for how to act if you do suffer a disaster are vital to your business survival. Two key areas to look at […]
All organisations are subject to risk, but how can you expect the unexpected? Having insurance in place isn’t always enough, organisations need to address the possibility of a major disruption, which could potentially dislocate their whole business plan. Having a good idea in the safety of a lab or university is one thing. Translating that […]
Statistics suggest that as many as 80% of businesses hit with a major disaster don’t recover. A disaster is defined as an unexpected event, caused either by natural or human activity. Natural disasters are caused primarily by extreme weather events, such as floods or a lightning strike. Those caused by human activity can be either […]
Whilst we all hope that the worst won’t happen, some events are out of our control. From natural disasters to cybercrime through to simple human error, disasters do happen. Whilst we can’t control them, as a small business you can plan for them. Actually, it is essential to your business survival that you do plan […]