Most SMEs and business owners around the world are familiar with Property Insurance. It covers liabilities caused by act of nature such as Flood, Earthquake, Hurricanes, Storms, Lightning strikes and the most common risk of all – Fires. Property Insurance typically covers damageto physical assets of the business. But what about the loss of business income, during the repair & restoration period?
This is precisely what is covered in a Business Interruption Insurance (BII). Shockingly,...