The following is from an excellent piece by a quality insurer – QBE.
In business, continuity is the baseline of success. That’s because in almost all cases, continuous revenue and cash flow without interruption is the lifeblood of SMEs.
Ensuring a business has the correct insurance to continue to trade irrespective of internal and external factors, is absolutely key to that business’s success, regardless of size.
LMI Group are leaders in Claim Preparation/Representation, hence witness first hand the impact of loss on people and their businesses.
They have produced a very funny series of videos, albeit based on very serious business insurance issues. Business Interruption (BI) is largely an ‘Income Protection’ form of cover for businesses who have suffered an insurable incident which impacts on the performance/productivity, revenue and profitability generating abilities of said business for an ongoing period – be it weeks, months or years in some cases.
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