Business Interruption Insurance is one of the most misunderstood areas of insurance with over 70% of businesses being underinsured. The majority of businesses that we speak to on a day to day basis do not properly understand this important area of Business Insurance.
The key reason for this misunderstanding is that most business managers believe that Accounting Gross Profit and Insurance Gross Profit are the same calculation. This is a very dangerous assumption and can lead to significant under insurance. Most importantly, the insurance policy you have purchased will not respond in the way you have intended.
We help our clients understand the fundamentals of Business Interruption Insurance and the key differences between Accounting Gross Profit and Insurable Gross Profit.
NWC Insurance are experts in assisting business with understanding how to protect their business against future loss of revenues as a result of a major loss event.
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If you would like to find out more about the benefits of working with NWC Insurance then give us a call on 1300 400 700 or email email@example.com.