Business interruption insurance

Secures the continuity of your business in the event of loss or damage.

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  • We cover financial losses when your business operations are interrupted due to property damage.

  • In the worst case scenario, the interruption of operations can put your entire business at risk. Business interruption insurance is one of a company’s most important insurance policies, if your operations are tied to specific premises.

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About the insurance

Business interruption insurance

Business interruption insurance secures the continuity of your business and provides financial support. Your business may be at risk if there is a fire on the company’s premises, a pipe rupture causes water damage or manufacturing equipment breaks down, for example. The insurance also supports the company’s ability to pay salaries, so the company does not have to lay off employees. Insurance for business interruption due to disability secures your company’s operations when an insured person in the company falls ill or is injured in an accident and cannot work.

In most cases, business interruption insurance is based on the loss of profit due to the damage. Depending on the type of your business, you can also insure just the additional costs arising from the damage, such as the rent of an alternative office space.

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What does the insurance cover?

Business interruption insurance covers financial losses caused by the interruption of business operations in the case of sudden and unforeseeable events. The insurance also covers the costs of measures taken to mitigate or prevent loss of gross profit.

Examples of losses covered are provided below. For more information about the restrictions, please see our insurance terms and conditions.

Business interruption insurance

Covers financial losses caused by sudden disruptions or the interruption of business operations, such as in the case of a fire.

Insurance for business interruption due to disability

Covers financial losses when business operations are interrupted due to an insured person falling ill, being injured or dying.

Contingency business interruption cover

Covers financial losses when business operations are interrupted due to a fire on the premises of a supplier, subcontractor or customer with a direct business relationship with your company.

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Request an offer for corporate insurance

Let us know how we could assist you and provide us with your contact information. You’ll receive an offer and the price of the personal and entrepreneur’s insurance policies you need, conveniently at the same time.

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    It will take about 3–8 minutes of your time

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    You’ll receive an offer on the insurance policies you need. The offer does not require a purchase

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    You’ll receive a response on the following business day

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Find out your corporate insurance needs

Answer a few questions. We’ll help you find the insurance products important for your business operations. You can also request an offer on the recommended insurance policies.

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    Determine your insurance needs at any time and no matter where you are

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    It will take about 4–8 minutes of your time

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    You’ll receive a list of the recommended insurance policies right away

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Pricing of insurance

Business interruption insurance premiums are affected by the company’s line of business, building category and technical protection solutions, as well as the object of insurance, such as profit margin, rental income and additional expenses. The premium is also affected by the amount of deductible chosen, the indemnity period and the extent of coverage: all risk insurance or only specific types of damage, such as fire, burglary or water damage.

Examples of loss events

Hätäpoistumistien kyltti

The operations of a hotel business were interrupted due to a fire on the business premises

A fire broke out on the hotel premises and the business operations were suddenly interrupted. When the business operations came to a halt, business interruption insurance secured the company’s financial situation for the duration of construction and repairs.

Jalka on paketissa

A plater-welder at a dry dock company broke his ankle in an accident and was given sick leave

A plater-welder at a dry dock company broke his ankle in a commuting accident and was given sick leave. With insurance for business interruption due to disability, the company hired a substitute for the welder for the period of disability and managed to avoid the financial loss.

Henkareita

A clothing store's operations were interrupted due to water damage at a supplier's premises

Sudden water damage occurred at the premises of a clothing store’s supplier, and the clothing store’s operations were interrupted as it ran out of products. Contingency business interruption cover compensated the clothing store for the financial losses due to the interruption of business operations, which was a direct consequence of the damage incurred by the supplier.

Frequently asked questions

Business interruption insurance policies usually apply qualifying periods. The deductible can also be defined in some other way depending on the object of insurance. The selected indemnity period for which compensation is paid begins after the expiry of the qualifying period. You should choose a period of liability that is as long as possible: you should not only consider the time it takes to repair the technical fault but also the time it takes to bring sales back to the level before the loss.

Business interruption insurance secures the continuity of your business and provides financial support if your business operations are suddenly interrupted. The impact of the damage can be minimised, and your company’s operations can return to normal as quickly as possible. Your stakeholders will also be happy when you protect the profits and operations of your business.

It's advisable to choose the type of business interruption insurance based on your business risks. Our professionals will be happy to help you choose the right business interruption insurance policy.

Business interruption insurance is a voluntary insurance policy that is recommended for companies to cover financial losses due to the sudden interruption of business operations.

  1. Complete your contact information and we will be in touch on the following weekday at the latest.

  2. We'll go over your company's risks together and offer a personalised insurance cover.

  3. Our offer is not binding on you. Take your time to read it and make your decision.

Corporate insurance policies are issued by Pohjola Insurance Ltd. Losses are covered in accordance with the law and the insurance terms and conditions.