There’s No Need For Business Interruption
If there is direct damage to the commercial property of the organization that leads to closure of operations, business interruption insurance ensures financial continuity by covering fixed costs such as salaries or rent and any loss of profits or revenues. This type of coverage is especially important for multinational organizations operating in high-risk countries where limited infrastructure and rescue services make it even more challenging to recover from natural disasters or man-made catastrophes.
Our international Business Interruption coverage can also be paired with political violence coverage to cover acts of terrorism, riots, or protests that interrupt operations.
We’ll Help You Weather a Crisis
Clements Business Interruption insurance includes:
Reimbursement for lost wages for the period of coverage
Salaries, rent, healthcare, and other fixed costs to keep your organization solvent and care for employees in case of a disaster
Loss of profit / revenues
Extra expenses related to the relocating, or reopening of your business; depending on your policy, other expense types may also be included
Flexible indemnity periods available
Protect Your Property
Clements’ foreign commercial insurance coverage includes:
Business Personal Property covers assets such as furniture, fixtures, contents, stocks, etc.
Commercial Property coverage protects buildings, inventory, and their contents from fire, theft, lightning, vandalism, and other covered losses
Loss of Business Income protection will help your organization compensate for the loss profits if you are forced to temporarily shut down
Computer and Data coverage to safeguard computer hardware, data processing systems, and software if damaged or destroyed
Earthquake and Flood protection against property damage as a result of earthquake and/or flood with full limits*
Can include extensions for political violence
Equipment Breakdown coverage (Heating, Ventilation and Air Conditioning Equipment) for loss due to accidents involving the operation of pressure, mechanical, and electrical equipment
Covers loss of the boiler and equipment itself, damage to other property and business interruption losses
We’re here to help.
*Typically floods and earthquakes are excluded from natural disaster policies.
Additional Policies for All Your Needs
Shield your directors and officer’s personal finances from liability claims. Discover how D&O Insurance can protect your organization’s leaders and provide them with peace of mind.
Insure your business against cybersecurity threats. Discover how Cyber Insurance can keep your organization functioning, even amid a cybersecurity breach.
We are Here to Help
Still have questions? Fill out the form below and get in contact with a Clements Business Insurance Advisor today.
From quote to claim, our licensed account executives can service all your commercial insurance needs.