Calculate how much business interruption insurance you need to protect your NZ business against lost income and ongoing costs.
Business interruption insurance covers the loss of income when your business cannot operate due to covered perils like fire, flood, or natural disaster.
It also covers continuing expenses such as rent, salaries, loan payments, and other fixed costs that continue even when your business is closed.
This is the period from when the incident occurs until your business returns to normal operations. Common periods are 12 months, though longer periods may be needed for major rebuilds.
Use your latest financial statements or accounting software to get accurate revenue and expense figures.
If your business is growing, consider projecting figures for the next 12-24 months when calculating cover.
If your business is seasonal, calculate based on your peak season to ensure adequate coverage year-round.
Consider adding 10-20% buffer for unexpected costs, inflation, and potential delays in resuming operations.
Our expert brokers can help you understand your business interruption requirements and find the right coverage.