Case Study – Insurance for retailers
Paul and David own a thriving café in inner-city Melbourne. Most of their customers are people who work in the city. They employ a close-knit team of waiting staff, chefs, kitchen hands and baristas.
A burst water main floods their café one night, causing serious damage to the interior, kitchen and serving area covered by their policy. The business needs to close for nearly three weeks for repairs, which means they could have no trade or income during this period.
Fortunately, Paul and David have Business Interruption insurance. This means they’re able to cover their usual bills and pay their staff while they’re getting repairs done and are unable to open their doors. This takes some of the stress out of dealing with the accident – and means their valued team should not suffer financially.