Business Interruption Cover
This is a type of coverage that helps protect your business from financial losses when operations are disrupted due to unexpected events—like fires, natural disasters, or other covered perils
What Business Interruption Insurance Covers
Risks Covered
Features
- Loss of Gross Profit – Based on your projected revenue minus variable costs
- Fixed Operating Costs – Rent, utilities, loan repayments, etc.
- Payroll Protection – Helps retain key staff during downtime.
- Relocation Costs – If you need to temporarily move operations
- Extra Expenses – Overtime, advertising to regain customers, or renting equipment
- Extended Coverage – Some policies cover reduced income even after reopening
Strategic Add-Ons & Enhancements
- Contingent Business Interruption (CBI): Covers losses if a key supplier or customer suffers a disruption—even if your own premises are fine.
- Civil Authority Coverage: Kicks in if government orders (like roadblocks or curfews) prevent access to your business.
- Ingress/Egress Coverage: Applies when physical access to your premises is blocked, even without direct damage.
- Utility Services Interruption: Covers losses from power, water, or telecom outages—if included.
Types of BI Coverage in Kenya
- Gross Profit Coverage – Most common and essential.
- Extra Expense Coverage – For additional costs to resume operations.
- Rental Value Coverage – If you lose rental income
- Extended BI Coverage – For post-reopening recovery.