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Business interruption insurance
Secures the continuity of your business in the event of loss or damage.
Financial security when your business operations are interrupted
We cover financial losses when your business operations are interrupted due to property damage.
Ensure business continuity
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.
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.
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.
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.
It will take about 3–8 minutes of your time
You’ll receive an offer on the insurance policies you need. The offer does not require a purchase
You’ll receive a response on the following business day
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.
Determine your insurance needs at any time and no matter where you are
It will take about 4–8 minutes of your time
You’ll receive a list of the recommended insurance policies right away
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
The operations of a hotel business were interrupted due to a fire on the business premises
Business interruption insurance
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.
A plater-welder at a dry dock company broke his ankle in an accident and was given sick leave
Insurance for business interruption due to disability
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.
A clothing store's operations were interrupted due to water damage at a supplier's premises
Contingency business interruption cover
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.
1. Request an offer
Complete your contact information and we will be in touch on the following weekday at the latest.
2. You will receive an offer
We'll go over your company's risks together and offer a personalised insurance cover.
3. You’ll decide how to proceed
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.