You will need to consider how long it will take following the first day of the loss for your Business to fully get back up and running and return to the trading position it would have been in had the loss never occurred. All Business Interruption cover will cease at the point the business is fully recovered or on the expiry of the indemnity period, whichever happens first. If this period is too short, you will not be allowing for the business to fully recover and potentially the future of the business could be at risk.
We can provide you with different lengths of indemnity periods to consider the relevant premiums payable. Just some of the factors you will need to consider are: re-building time, planning consents and enquiries, regaining lost market share and customer base, re-training staff and lead time for replacement machinery/plant.