Having the right Business Interruption Insurance could be the difference between business survival or collapse. Yet the Insurance Council of New Zealand (ICNZ) says that only one in four small to medium sized enterprises (SMEs) are adequately insured for business interruption - and in many areas of New Zealand, do not even have any business insurance at all!

Natural disasters – floods, earthquakes and other weather events have increased over the last ten years. Last year was the most expensive year on record for severe weather events with $243 million in reported insured losses. The Christchurch earthquakes took their toll on many small businesses and the recent April storm left thousands of Aucklanders and businesses without power for days.

But it’s not just about protecting yourself against natural events. Today’s businesses must think about more than just bricks and mortar. Stock, machinery, computer equipment, digital and online assets all need to be considered.

Your machinery could break down, your premises could be burgled, or your business could be targeted by cyber criminals – all leaving you unable to operate. Business Interruption Insurance can cover you during this time so you can temporarily relocate, pay wages, rent, bills and other necessary expenses until your business gets back up and running.

Industry figures tell us that only one in four small businesses survive if they have to close their doors for three months, so having the right insurances in place to keep your business afloat is critical.

As a broker it’s my job to guide and support business owners to help you choose the best Business Interruption Insurance to meet your needs. At Rothbury, we sell a claim response - meaning our ultimate goal is to get you back on your feet if something goes wrong and your business is interrupted.

When it comes to getting your insurances sorted, something that meets someone else’s needs may not necessarily meet yours.

Rothbury is local and we understand local issues. We will take into account your personal circumstances and put together a tailored insurance plan to protect the things that matter to you most.

To find out more about protecting your business and assets, come and talk to me or one of the local team.