Case Study - Jim & Michelle
Jim and Michelle together own a furniture manufacturing company. They lease the factory and employ 7 staff.
Four months ago the factory was burned to the ground. The cause was established as an electrical fault. The fire also caused damage to a neighbouring property. Two weeks ago they moved into new leased premises and were able to recommence operations.
Jim and Michelle had business assets insurance and this paid for the stock and machinery they lost in the fire. Their business interruption insurance meant that the lost revenue was replaced and they were able to meet ongoing business expenses during the down time which also included paying staff.
Their public liability insurance ensured they were protected against any action made against them for causing the fire.
The insurances they put in place with their Allfinanz / CFS Risk Services broker and the reviews completed meant that they were able to stay in business and to meet financial commitments during the time their business was not able to trade.
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