Simplified Business Interruption Insurance

For those businesses that require greater customisation of their business interruption policy Simplified Business Interruption Insurance allows for this within the IUA Policy Wording.

Simplified Business Interruption insurance can be crafted and moulded to the greatest extent.

All IUA Policies have a Rating Classification as the basis for calculating the sums insured, Simplified Business Interruption Insurance, uses the Insured's trading information or in the case of a start up the business plan and budgets to calculate the required level of cover. This allows the cover to be precise and can take into account the seasonal nature of the business and any expected trends. This helps to simplify the process of calculating the correct sums insured for the business.

Businesses have the ability to pick and choose the items they require and to exclude those items that they believe are non-essential such as casual wages.

Advantages:

• The Simplified Business Interruption insurance advantage includes the ability to have multiple departments, business units or even premises.
  Each can have their own Rating Classification, indemnity period, weekly sum insured and Lumped Extensions (after loss costs).
  
• Simplified Business Interruption insurance is an alternative to the ISR Section 2. It offers all the benefits of the ISR being flexibility but without the major penalty being average.

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• cash flow insurance
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