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How Does Business Interruption Insurance Work In Canada?

How Does Business Interruption Insurance Work In Canada?

How Does Business Interruption Insurance Work In Canada?

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It’s important that all organizations ask the question how does business interruption insurance work in Canada? because after incurring a fire, flood or windstorm an organization might have the right property insurance coverage to repair or replace their building, equipment and/or inventory, but they may not have sufficient funds to pay their ongoing expenses (aka as standing charges) which typically include some or all of the following:

  • Property taxes
  • Ongoing utility costs even if it’s just for hook up
  • Payroll
  • Vehicle, equipment and/or other loans or lines of credit
  • Advertising expenses
  • IT expenses
  • Ironically…insurance costs
  • Employee benefits
  • Telephone & cell phone
  • Internet
  • Ongoing maintenance

Any one or a combination of the above expenses that a business has even if they don’t have their physical location to operate out of is enough to make continuing to operate painful, or possibly even not possible.  Thankfully there is help and by asking one of the expert business insurance brokers at the Canadian insurance brokerage ALIGNED Insurance “how does business interruption insurance work in Canada?” you can have the above expenses and even your profits paid for periods of 12-24 months through an appropriately structured commercial property insurance policy that includes business interruption insurance.

To Discuss How Does Business Interruption Insurance Work In Canada? Or For A Business Interruption Insurance Quote Connect With One Of Our Canadian Business Insurance Brokers Today at 1-866-287-0448

ALIGNED Across Canada   100% Canadian owned, ALIGNED is a premiere insurance brokerage that serves more than 1,400 clients across the country. ALIGNED’s offices in Toronto, Calgary and Vancouver are supported by a national operations centre in Cambridge, Ontario. Uniquely within the industry, ALIGNED creates, negotiates and delivers the best business insurance and risk management strategies/solutions to organizations like yours.

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