The amount of cover you need will depend on a number of factors, including the size of your business, typical monthly turnover and how long you estimate it would take to get back up and running if you were impacted by an event such as a flood or fire.
It’s estimated that almost half of those businesses with Business Interruption insurance don’t have enough cover so our recommendation, as with other insurances, is to buy as much as you can afford.
We have access to a tool that enables us to calculate how much BI insurance your business might need so it’s worth having a conversation before you go ahead and buy it.