Many business owners understand why they need the basic insurances such as fire, burglary, glass, money and liability, but don’t understand the need for other insurances such as Business Interruption Insurance. Which for some businesses, can be vital if the business wants to survive after a major event. Business Interruption Insurance is like personal accident cover for your business. After a major loss, not only does it cover your net profit and business drawings, it will help you meet ongoing business expenses, such as ensuring everyone’s salaries are paid and business loan repayments are met. It also covers additional expenses incurred to maintain turnover which could include providing funds for the cost of alternative premises or even paying for advertising to announce the recommencement of your business.