Business Interruption Insurance

Business Interruption Insurance Service By Dhanalakshmi Securities

The business interruption policy is designed to protect against trading losses by paying loss of gross profit due to reduction in turnover.

businessman and businesswoman shaking hands in off 2021 08 28 18 32 47 utc 1

What Is A Business Interruption Insurance

When a property used for a business is damaged by an insured peril, the regular business activities are interrupted causing a serious financial loss in terms of “Loss of Profit” which is not covered by a regular Fire policy.

The purpose of taking business interruption cover is to protect a business against shortfall in sales following an insured loss such as fire or storm etc. It will pay for ongoing costs such as lease of the business premises, payroll and mortgage, as well as covering loss of profits. In effect, the insurer takes the place of business’s customers, making up the resulting loss of gross profit caused by a shortage of turnover. Interestingly, it is known in many forms. In insurance parlance, it is often called “consequential Loss insurance” or “Loss of Profits Insurance” etc.

What does Business Interruption Insurance cover?

Get Started Today
We at Dhanalakshmi Securities guide you to the right solution with our expertise.
Thrissur district
Our Services are available in Thrissur district and Surrounding areas.

Benefits

The purpose of taking business interruption cover is to protect a business against shortfall in sales following an insured loss such as fire or storm etc. It will pay for ongoing costs such as lease of the business premises, payroll and mortgage, as well as covering loss of profits.

In effect, the insurer takes the place of business’s customers, making up the resulting loss of gross profit caused by a shortage of turnover. Interestingly, it is known in many forms. In insurance parlance, it is often called “consequential Loss insurance” or “Loss of Profits Insurance” etc

Cyber Liability Insurance

This policy protects commercial businesses against a wide range of first and third party liability occurring out of cyber exposures.

Office Package Insurance

Insurance which covers damage to your office from various perils

Industrial All Risk Insurance

Policy which covers almost all risks and perils, which a large industry may face during its operation

Commercial Umbrella Insurance

Covers you against unforeseen circumstances which are usually not covered by any standard insurance policy

Importance of Business Interruption Insurance

A business that has to close down while the premises or factory building are being repaired may lose out to competition as its market share is diminished. Any interruption in regular business following fire or other perils could be a major setback that threatens very survival of business, particularly when the margin is so tight. Beside from struggling to stay afloat financially when there is no incoming revenue forthcoming, many business owners eventually see that they fall behind paying their regular bills or wages to their workers.

Nevertheless, there is a way to protect the business from an all-out disaster – the answer is by buying “Business Interruption Insurance Policy”.  It is essential for the businesses to consider business interruption insurance so that the loss of earning is minimized. Contact us to resolve your queries.

Address

Thrissur district
Thrissur district

Contact Details

Phone No: 9446370204
Email: dhanalakshmi.vaithee@gmail.com
Report A Claim

We'll help through the process of claim from start to finish

Request Proof

Need your investment proof, let’s help you get that quickly

Investment Update

Get your Investment update

Pay Online

Online payment option available in some cases

Review Your Investment

Get help in reviewing your current investments

Contact us

Connect with us for any help on personal finance

Dhanalakshmi Securities

Our Services are available in Thrissur district and Surrounding areas.

Need a personalized solution?

Dhanalakshmi Securities is ready to cater
all your Insurance Requirements

Customer first

Customers and their needs are our first priority. All our insurance plans are tailor made

Community Focused

We give back to our community and get involved with the charities we support.

Passion

We go the extra mile to exceed your expectations, no matter what you need.

Experienced Agents

With extensive experience, we understand what it takes to bring you quality coverage.

We at , Dhanalakshmi Securities guide you to the right solution with our expertise.

Thrissur district

Thrissur district
Thrissur district