Most insurance policies pay out or carry out the works up to a set financial limit following an insured event. This is called the sum-insured and represents the maximum value of your policy. Choosing the right sum-insured for your property and contents is important. If you’ve undervalued your assets, you could be left out of pocket if you need to rebuild your home or replace your belongings.
There is much more to protecting the investment that your business is to you than simply insuring the physical assets of the business. Use this calculator as a guide as to the amount you may need to insure under business interruption section of your policy.