As a result of a property insurance event, the business activities of a company may stop and the restoration of the pre-loss situation may take months or even years. During the restoration period, however, the company must pay for fixed costs – loans taken, commercial space lease, salary costs, etc. In addition, the preservation of business profits is vital for the sustainability of the company. To this end, Seesam has created business interruption insurance, the purpose of which is to protect the policyholder’s business activities against the financial losses and possible additional expenses arising from the interruption of work.
A prerequisite for taking out business interruption insurance is the existence of a corporate property insurance contract at Seesam.
Seesam indemnifies the operating profit lost due to a property insurance event, fixed costs and/or additional costs within the limit of the determined sum insured and indemnity period. By agreement, you can also insure additional business interruption costs at Seesam, which will help you to restore the company’s cash flow faster.