Other insurance
Insurance against service interruption due to fire
The conclusion of this type of insurance guarantees businesses compensation for damage which is the result of fire or natural disasters. In this case, the insurance company compensates the insured party for the profits which it loses during the time service is being reinstated and the expenses which it must continue to pay out even though its business is not in operation (for example, rent, amortizations, salaries). The purpose of insurance coverage for interruption of service is therefore to maintain the stability of business in the event of damage, keeping qualified employees and steady customers, maintaining the company's market position and maintaining the financial balance of the company.
