Common Business Interruption questions.

Common Business Interruption questions.

Please contact us with your Business Interruption Insurance query

Please contact us with your Business Interruption Insurance query

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Simply enter your details below for us to help you.

By submitting  information through this website, you have given your agreement to receive verbal contact from us to discuss your insurance requirements. You voluntarily choose to provide personal details to us via this website. 

Personal information will be treated as confidential by us and held in accordance with the Data Protection Act 2018.  You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone.

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Business Interruption Insurance is important, as it protects companies against financial loss during periods when they are unable to trade, due to an unforeseen event.

Business Interruption Insurance is important, as it protects companies against financial loss during periods when they are unable to trade, due to an unforeseen event.

How do you calculate gross profit in insurance?

How do you calculate gross profit in insurance?

Gross profit is calculated by taking a company’s turnover and deducting fixed and variable costs.

Gross profit is calculated by taking a company’s turnover and deducting fixed and variable costs.

What is Business Interruption cover?

What is Business Interruption cover?

Business Interruption cover is an insurance policy, which will pay out if a company cannot trade, due an unforeseen event.

Business Interruption cover is an insurance policy, which will pay out if a company cannot trade, due an unforeseen event.

What is the difference between Business Income and Business Interruption?

What is the difference between Business Income and Business Interruption?

Business Income is the net amount that a company earns, after running costs have been deducted. Business Interruption is when a company is forced to stop trading, because of an unforeseen event.

Business Income is the net amount that a company earns, after running costs have been deducted. Business Interruption is when a company is forced to stop trading, because of an unforeseen event.

How long does it take to set up a Business Interruption Insurance policy?

How long does it take to set up a Business Interruption Insurance policy?

Where the client is below a certain age, in good health and is applying for a sum assured below a specified level, a policy could be applied for online. Cover could also start as soon as terms are accepted by the applicant. 

Where the client is below a certain age, in good health and is applying for a sum assured below a specified level, a policy could be applied for online. Cover could also start as soon as terms are accepted by the applicant. 

Pandemics

Pandemics

Breakdown of essential equipment, incorporating technology

Breakdown of essential equipment, incorporating technology

Damage caused by fire, storm or flood

Damage caused by fire, storm or flood

Criminal Acts

Criminal Acts

The Business Interruption Process

The Business Interruption Process

Working with HB Partners

Working with HB Partners

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An informal introductory conversation

An informal introductory conversation

Our specialist Business Interruption experts will work with you to understand your business risks, then discuss the options available. We will identify the high-risk areas of your business and the level of cover required.

Our specialist Business Interruption experts will work with you to understand your business risks, then discuss the options available. We will identify the high-risk areas of your business and the level of cover required.

We will research the market to source the right Business Interruption Insurance product for your circumstances.

We will research the market to source the right Business Interruption Insurance product for your circumstances.

Our Expert Recommendation

Our Expert Recommendation

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The right Business Interruption Insurance for you

The right Business Interruption Insurance for you

We will calculate the level of cover required, compare the providers and discuss costs and options with you.

We will calculate the level of cover required, compare the providers and discuss costs and options with you.

With your agreement, our specialist partners will then proceed with an application. They will take care of all the paperwork, updating you with progress on your case, until completion. 

With your agreement, our specialist partners will then proceed with an application. They will take care of all the paperwork, updating you with progress on your case, until completion. 

Full Application

Full Application

Business Interruption Insurance helps businesses to protect themselves against financial loss during periods when they cannot trade as usual, due to an unexpected event, such as

Business Interruption Insurance helps businesses to protect themselves against financial loss during periods when they cannot trade as usual, due to an unexpected event, such as

What is 3 + 5 =

What is 3 + 5 =

Meet the Team

Meet the Team

WHAT IS THE COST OF BUSINESS INTERRUPTION INSURANCE?

WHAT IS THE COST OF BUSINESS INTERRUPTION INSURANCE?

The cost of Business Insurance Interruption is calculated by the insurer, who assesses the business risk and the amount of cover you require.

The cost of Business Insurance Interruption is calculated by the insurer, who assesses the business risk and the amount of cover you require.

IS BUSINESS INTERRUPTION INSURANCE TAX-DEDUCTIBLE?

IS BUSINESS INTERRUPTION INSURANCE TAX-DEDUCTIBLE?

The simple answer is yes, in the majority of cases. We strongly recommend that you check with HMRC for exceptions.

The simple answer is yes, in the majority of cases. We strongly recommend that you check with HMRC for exceptions.

WHAT ARE THE MOST COMMON CAUSES OF BUSINESS INTERRUPTION?

WHAT ARE THE MOST COMMON CAUSES OF BUSINESS INTERRUPTION?

The most common causes are fire, flood and burglary, resulting in an interruption to your business trading. 

The most common causes are fire, flood and burglary, resulting in an interruption to your business trading. 

WHO OWNS THE POLICY?

WHO OWNS THE POLICY?

The company takes out and owns the policy. The company is also the beneficiary of any claim.

The company takes out and owns the policy. The company is also the beneficiary of any claim.

Frequently Asked Questions

Frequently Asked Questions

If you have a specific question, click the button below, and we will do our best to answer this for you.

If you have a specific question, click the button below, and we will do our best to answer this for you.

Why use us?

Why use us?

We don’t sell. We listen objectively and identify financial risks which allow us to put in place the best insurance policy available.

We don’t sell. We listen objectively and identify financial risks which allow us to put in place the best insurance policy available.

We have over 25 years' experience in the mortgage industry, offering a wealth of knowledge and the highest standards of professionalism. 

We have over 25 years' experience in the mortgage industry, offering a wealth of knowledge and the highest standards of professionalism. 

We have access to technical insurance portals to analyse the best providers and policies across the whole of the market.

We have access to technical insurance portals to analyse the best providers and policies across the whole of the market.

We provide expert professional advice to homeowners and first time buyers on mortgages, remortgages and buy to lets.

We provide expert professional advice to homeowners and first time buyers on mortgages, remortgages and buy to lets.

Where necessary, we have direct access to senior underwriters in some of the biggest insurance providers in the UK.

Where necessary, we have direct access to senior underwriters in some of the biggest insurance providers in the UK.

We are qualified to advise you on your equity release requirements.

We are qualified to advise you on your equity release requirements.

Related to Business Interruption Insurance

Related to Business Interruption Insurance

What our clients say

What our clients say

Mark Culham 

Adviser & Co-Founder

Mark Culham 

Adviser & Co-Founder

Steve Jascourt

Adviser & Co-Founder

Steve Jascourt

Adviser & Co-Founder

"I get satisfaction about having ‘real’ conversations with people about why having the right cover in place is so important. I also take a lot of comfort from knowing that our clients are covered should the worst happen."

"I get satisfaction about having ‘real’ conversations with people about why having the right cover in place is so important. I also take a lot of comfort from knowing that our clients are covered should the worst happen."

“Arranging mortgages for my clients impacts positively on their lives, and gives me immense job satisfaction. When a client returns for repeat business, or refers family and friends to me, I know that I have done a great job.”

“Arranging mortgages for my clients impacts positively on their lives, and gives me immense job satisfaction. When a client returns for repeat business, or refers family and friends to me, I know that I have done a great job.”

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