Monday, 19 January 2015
Useful Business Interruption Insurance to Offset Losses from Disasters
The economy can be quite unpredictable, but even more erratic are the unfortunate catastrophes that can beset any business. Whether it is a fire accident, a freak storm, or even a devastating earthquake, such things are beyond the power of businesses that are at the mercy of such disasters. Fortunately, financial hedges such as business interruption insurance products can help businesses offset the losses they suffer from an unforeseen accident. An event like the recent hailstorm that hit the Brisbane area, resulting in costly damages to both residential and commercial properties, put to light just how expensive it can be to recover from a very physical interruption in business operations. As reported on the Courier Mail in November 28, 2014, the hail was so strong that it managed to smash the city’s various windows and tip over exposed planes on airfields.