IUA Interruption Insurance is a standalone cover that sits alongside other business insurance, such as business packages and industrial special risks.
It protects the turnover of the business from a downturn due to interruption of trade, resulting from a range of insurable events. This means your client can recover and get back to the same financial position they were in before the event happened – protecting their business and livelihood. IUA’s Interruption Insurance can cover the loss of any sales that a business would have made whilst out of action – as well as various other costs that may be incurred in reopening the doors of a business after a difficult period.
With IUA Business Interruption Insurance, your clients will enjoy:
We calculate the payment your client will receive by using the agreed rate of Insured Gross Profit stated in the Policy Schedule, so your client knows what they can expect from the outset. This calculation is set out in our Worksheet .
Unlike some other interruption insurance products, IUA’s product doesn’t apply an average clause to under insurance. Instead, your client has the option of selecting their own limit without attracting a penalty.
We cover the costs that your client needs to pay while their business is out of action, including:
In certain situations, we can customise our Interruption Insurance cover to meet the needs of particular clients. This may include adding cover for:
* Amounts paid for Additional Benefits will not exceed any limits or sub-limits of liability as per the Insured’s Policy Schedule.
Click below to request an IUA business interruption insurance quote.
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