Skip to content
Did you know your browser is out of date?
To get the best experience when using our website we recommend that you upgrade to the latest version of one of these browsers.

Business interruption insurance

COMPARE INTERRUPTION INSURANCE QUOTES

Compare business interruption insurance from UK insurers such as:

 

 

company logo for unknowncompany logo for unknowncompany logo for unknowncompany logo for unknowncompany logo for unknowncompany logo for unknowncompany logo for unknown

What is business interruption insurance?

Business interruption insurance protects you the case your business has to stop trading because of an insured event, such as a fire or a flood. Business interruption insurance will cover any lost income and even your staff’s wages while you’re fixing up your property. Or if you have to move to a new premises, it’ll cover any extra costs involved. It can even make up the loss if earnings are a little slower once you reopen.

Your business buildings insurance will pay out for any damage to the physical structure but will not cover any lost revenue whilst the business is closed. Interruption insurance can keep you going while you get back on your feet, so when it’s time to reopen you’ll be in the same financial position you were in before.

What does business interruption insurance cover?

Business interruption insurance will cover you if your business has to close – but there are a few exceptions. Here’s when you can claim:

  • What’s included

    • If your business is damaged by fire, flooding, or explosions

    • If your business has to close because of a disease outbreak like COVID-19

    • If there’s an insured event in your supply chain – like a fire at a warehouse

  • What isn’t

    • If your business is closed down because of poor hygiene or safety standards

    • If the damage was caused by negligence or vandalism by you or your staff

    • If you have to stop operating for financial reasons

How does business interruption insurance work?

Business interruption insurance is usually sold as an add-on to your business insurance, for example, employers’ liability or business buildings insurance. When you take out business interruption insurance, you can choose how much cover you need – businesses with a higher turnover and more staff will usually need more. 

Your insurance will only cover you for a certain period of time – often between 12 and 36 months. This is called the maximum indemnity period. Think how long it would take to rebuild your business if something happened – you’ll pay higher premiums for a longer maximum indemnity period, but you also don’t want to be left without insurance if repairs take longer than expected.

What other types of insurance can I get for my business?

Business interruption insurance isn’t to be neglected – it can be a lifeline for any business going through a rocky patch. But there are other types of insurance you might need too:

  • Business buildings insurance

    If there’s an accident, you’ll need to repair your physical premises – and buildings insurance makes sure it won’t break the bank

  • Business contents insurance

    It’s not just buildings that can be damaged. Contents insurance helps protect all your fixtures, furnishings and appliances

  • Employers’ liability insurance

    If you have any employees, this is a legal requirement: it covers you in case anyone who works for you becomes ill or is injured

  • Public liability insurance

    This protects you if a member of the public is injured in your business –for instance, a customer could slip and fall in a shop or café 

Compare business interruption insurance quotes

Comparing business insurance quotes with MoneySuperMarket and our preferred partner SimplyBusiness is the easiest way to find an affordable deal on cover. Here's how it works:

  • Tell us about your business

    Let us know about your business, who you employ, and how much cover you need, and we'll find deals tailored to your requirements

  • Compare deals

    You'll be able to compare your offers by cost, level of protection and any extras that are available

  • Choose the one you like

    Once you've found the right deal for you, simply click through to the provider to finalise your purchase

 

No, you’re not legally required to get business interruption insurance. The only insurance that you have to have by law is employers’ liability insurance (if you have employees).

 

Yes, business interruption insurance can be used to cover your staff’s wages. If you need to briefly close down your business in the aftermath of an unexpected event, you can keep staff on the payroll while you rebuild.

When your insurance pays out to cover lost earnings from your business, it’s treated as ordinary trading income by the HMRC. This means that you’ll have to pay the same taxes as you would ordinarily. 

 

You work hard to earn your money, and we don’t think you should waste a penny of it paying over the odds on your household bills. That’s why at MoneySuperMarket, we’re on a mission to save Britain money.

  • Whip your credit score into shape with Credit Monitor
  • Super save over and over again with Energy Monitor
  • There are always more ways to save with MoneySuperMarket 

So how do we make our money? In a nutshell, when you use us to buy something, we get a reward from the company you’re buying from.

You might be wondering if we work with all the companies in the market, or if our commercial relationships with our partners might make us feature one company above another. We’ve got nothing to hide, and we want to give you clear answers when it comes to questions like these, so we’ve pulled together everything you need to know on this page.