Simplified Business Interruption Insurance

Underwritten by: Interruption Underwriting Agencies
Insurer: QBE Australia Limited



Ask yourself : If you had a major fire or disaster, and you had to start again, could you?

With IUA's "Lumped Extensions" you could!

A business can exist without making profits but never without a cash flow.

When your business's cash flow is interrupted or ceases as a result of an event for which material damage insurance is in force you could be facing disaster. Federal Government statistics show that of all the businesses involved in a major material damage loss - not necessarily a total loss:

• 43% never re-open
• 28% fail in the next 3 years
• Only 29% survive
• 71% disappear

and they all had some form of material damage insurance.

The IUA Simplified Business Interruption Insurance is the broadest shelf-type insurance contract freely available anywhere in the world's insurance market.

It is free of penalties
It has no contractual penalties

Agreed Fixed Rate of Gross Profit
It has an agreed fixed rate of gross profit (Rating Classification %) which is used to:
(a) Calculate the sum to insure
(b) Calculate the claim

And this is known from inception.

It has 10 Extensions - After loss costs

Lumped into a single "dollar" Limit - and can be applied to any one or all of the Extensions, which are not dependent upon producing "Turnover" and these include:

• Relocation costs
• Increased Working Costs
• Additional Working Costs
• Wages in Lieu of Notice (4 weeks limit)
• Expediting Expenses
• Loss of Accounts Receivable
• Loss Advisers or Consultants
• Recreating Records
• Claims Preparation Costs

• The Product requires the existence of material damage insurance but it is not dependent upon that underwriter accepting material damage liability.
• There is no average proviso
• There are no deductions for savings in business overheads
• Claims are paid every seven days
• It out-pays every other economic loss insurance
• It is the best premium value in the insurance market. It is a world's best product
• It is the businessman's companion.

We recommend this product because the Businesspack type policies have penalties of:

• Average
• Overhead savings deductions
• Average is applied after deductions of savings
• Uninsured working expenses must be listed
• There is no definition of uninsured working expenses
• Full annual figures apply irrespective of Indemnity Period
• Trends must be considered
• Dependent upon material damage insurance company admitting liability
• Haggled and delayed claims payment, by which time you could be out of business!
• Confusing definitions and interpretations

Please contact us for an obligation free quotation.