A fire that gutted a 15th century pub and badly damaged several Hereford city centre shops in October 2010 has highlighted the need for correct loss of profit or business interruption insurance.
The fire has meant that several businesses have still not been able to re-open and plans have only now been approved to re-build. Work will not be completed until well into 2012, probably 2 years after the fire.
Correctly arranged business interruption insurance will cover the loss of profit not only until the property is repaired or rebuilt but also until the business achieves the level of turnover it had before the damage occurred.
If you want to make sure your insurance protection is correct, call us on 01527 306 041 or send an email to enquiries@apinsurance.co.uk