The business interruption insurance covers the risk of an insured event slowing or halting your business due to a material claim, as fire, overvoltage, storm, robbery or burst water pipes.
It covers both the loss of income during the interruption, and the continuing obligations, such as paying rents, loans, rent, wages, operational fixed costs, etc.
The requirement for the issue of business interruption insurance is the existence of a valid business insurance policy. This insurance can then be completed in order to include the risk of business interruption. This of course also applies for the inclusion of liability insurance.
Business liability insurance in Spain
Public liability insurances belong to the division of commercial insurances in Spain, and it is indispensable for most companies. In principle it is a necessary protective measure for any business.