• Code of Practice & Complaints
  • FSG
  • Privacy Policy
  • Make a Claim
  • Contact Us
  • LinkedIn

Driessen Insurance Brokers

Insurance Brokers North Ryde

Menu
  • Home
  • Our Story
    • Our People
    • Our Clients
    • Backed by Strength
  • How a Broker Helps
    • Our Service
    • Our Promise to you
    • Payment Options
    • Learn
    • Insurance Glossary
  • Strata
    • Residential Strata
    • Commercial Strata
  • Business
    • Insurance Cover
  • Personal
  • Claims
    • What to do if you have a claim
    • Claim Form

Keeping you open for business

April 11, 2016 by Admin Leave a Comment

Have you heard of Business Interruption Insurance?  It’s essential business cover that helps your business stay open if you can’t trade.

Speak to any business owner and they’ll tell you one of their biggest issues is cash flow.  Getting payment on time, managing outgoings and having enough cash in the bank to pay wages and other expenses can be a juggling act.

Imagine how difficult managing cash flow would be if your business couldn’t operate for any length of time. Would you have enough cash in reserve to cover your outgoings? Can you pay your staff so they don’t get another job? If so, how long? One month, maybe two?

If your business premises are damaged it’s likely your contents and building insurance will cover the cost to get the business up and running again, but it doesn’t cover the cash you’d miss out on if you were trading as normal.

That’s where Business Interruption Insurance comes in.

Business Interruption can cover you for loss of profit, ongoing staff costs and additional operating costs (e.g. temporarily relocating to another premises).

The benefits of including Business Interruption Insurance in your plan are;

  1. Keeps your business open – you’ll have access to cash flow maintain your outgoing expenses (e.g. Monthly Phone Bill, Operating Costs etc).
  2. Buys you time – you can breathe a little knowing loss of income won’t affect your life and those who depend on you.
  3. Retain your staff –good staff are hard to find. You can afford to pay your staff while they are not working and avoid the cost and hassle of finding replacement staff when you’re back open.

Business Interruption Insurance is essential for most businesses. Contact your insurance broker to include this valuable cover for your business.

Business Insurance

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Home Page
  • Our Story
    • Our People
    • Our Clients
    • Backed by Strength
  • How A Broker Helps
    • Our Service
    • Our Promise to you
    • Learn
    • Insurance Glossary
  • Strata Insurance
    • Residential Strata Insurance
    • Commercial Strata Insurance
  • Business Insurance
    • Types of Business Insurance
  • Personal Insurance
  • Blog
  • Make A Claim
    • What to do if you have a claim
    • Claim Form
  • Contact Us
  • FSG
  • Privacy Policy
  • Disclaimer

Map

footer-gmap

Contact

Telephone: (02) 9878 7999
Fax: (02) 9878 7900
Address: Suite 3, Level 3 64 Talavera Road
North Ryde NSW 2113
Mail: Driessen Insurance Brokers Pty Ltd.
P.O. Box 340
NORTH RYDE NSW 1670
Email: [email protected]

footer-logo
steadfast-logo

Member of NIBA and the Steadfast Group

AFL License No: 237 259

ABN: 50 001 933 811

Copyright © 2020 Driessen Insurance Brokers