Business Planning Process Planning & Strategy

5 Common Reasons for Business Interruption

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There is one important thing that you have to remember for your business, and that’s insurance. You know that you need things like personal and public liability insurance, but you will also need to have insurance for business interruption. Business interruption refers to anything that can stop your business processes from happening and the biggest thing that matters the most is that your business has a plan.

Without the right business insurance, your business could be in a lot of trouble if there is a problem occurring. There are a range of things that will interrupt your business and stop it from running properly, and we’ve got 5 of the most common reasons behind business interruption below.

  1. Water Damage. You can use the services of companies like to ensure that your business is restored properly after a heavy storm causing damage. Thunderstorms, prolonged rainfall and freak hurricanes can impact your business greatly. Water damage can lead to mold, damp and destruction of property, but if you’re not on top of it, you will find that you are having difficulty getting your business back to normal.
  2. Fire. Fire can happen at any time. Ideally, you’ve taken steps to ensure that your business is protected with alarms, blankets, fire extinguishers and more. It can take a lot out of your business if there is fire damage to sort out, and you will find that your business is interrupted for a length of time as a result.
  3. Natural Disasters. From snowstorms to rain storms, your business can be badly affected by natural events. Hurricanes and tornadoes are a very real threat to business, too, and you can relocate and rebuild but you need to be aware of how you can continue your business despite nature having a hand in destruction.
  4. Failures at a Supplier Level. You need to mitigate any risks with your supply chain, and you need to ensure that you have insurance that covers you if your suppliers are not playing ball. You will find that your business is interrupted if suppliers are not up to scratch, so ensure that you have contracts and insurance in place.
  5. Cybercrime. Online crime is a huge deal and your business can be dangerously close to shutdown if your business is stripped back by a hacker. You need to think about the fact that cybercrime is a constant threat to your business, and you need to insure your business properly. As cyber attacks grow in popularity, you should consider all of the IT outsourcing you can invest in and ensure that your business is covered.

Planning for business interruption is important as a business. You need to make sure that you have the right insurance in place, and you also need to consider how you want your employees to work no matter what. Offering your employees flexible working is going to help you to keep your business working no matter what happens as a result of the weather or poor suppliers.

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