Business interruption insurance
When you insure your company’s property, you are protected against a wide range of losses in the event of unexpected events. Unfortunately, this doesn’t always allow you to resume your business activities immediately, and obligations don’t go away – you still need to pay your employees’ salaries and other taxes or loans. In this case, business interruption insurance helps.
Business interruption insurance
for your company
When a company experiences a loss, the recovery process often disrupts its regular operations, preventing it from generating its usual income and profits. However, your fixed expenses persist – you still need to cover the payments to banks, leasing fees, salaries, and rental fees. This coverage ensures the smooth continuation of your business operations.
Why to choose ERGO insurance?
Retention of profit
In the event of a business interruption, we reimburse the projected net profit and the company can continue its operations.Retention of employees
Insurance helps to retain employees and pay their salaries.Performance of obligations
Your company continues to meet its financial obligations to banks, leasing, rental and communication service providers.Credibility in the market
The company keeps its promises, preserves its image in the market, and doesn’t lose customers or suppliers.What is covered by business interruption insurance?
All risks
This is a financial loss insurance which covers against the same risks against which the company’s property (buildings, equipment, inventories and etc.) is insured. Financial losses are most often caused by business interruption or loss of business as a result of a fire but can also be caused by forces of nature or other insured risks.
What is covered by business interruption insurance?
This is a financial loss insurance which covers against the same risks against which the company’s property (buildings, equipment, inventories and etc.) is insured. Financial losses are most often caused by business interruption or loss of business as a result of a fire but can also be caused by forces of nature or other insured risks.
Objects of business interruption insurance
Gross profit
We can insure gross profit, which is made of up of two parts, i.e. the company’s fixed costs and net profit.Rental income
We can cover income received from insured rental activities.Variable wages insurance
We can cover wages or commissions based on turnover.Additional costs
We can cover costs for the company, such as renting temporary premises, transportation costs, additional staff or advertising costs to rebuild the business.20+
countries across the ERGO Group
1200
team members in the Baltics
640 000+
customers in the Baltics
90+
products
