Business Interruption calculator

Business Interruption calculator

Our business interruption (BI) calculator uses key information about your clients' business to not only recommend the level of insured profit required but also the indemnity period should they suffer a major loss.

This application is available only to authorised users.

You will need to log in to Aviva Broker before you access BI Calculator.

At Aviva, we want to work with our broker partners so that together, we’ll take care of business, to help ensure that business customers have a level of cover that fits their needs and performs as they would expect should they need to make a claim. Making sure customers have the right level of business interruption cover is one way in which we’re doing this.

For our introduction to Business Interruption and a run through of how to use the calculator watch our video:

Download the full transcript (PDF 37KB)

Why BI is critical for all

Without the right level of BI cover, businesses are at significant increased risk of never recovering following a loss, potentially having devastating consequences for the owner and all associated with the business.

Having the right level of cover

Around two thirds of businesses have an inadequate level of BI cover in place. Many think about the cost of rebuilding a premises or replacing key equipment and stock, but often underestimate the length of time it would take to get back to the same level of trading prior to an incident.

At Aviva, we see the majority of customers opt for a 12 month indemnity period, when most would require a minimum of 18-24 months to recover. That’s where our calculator can help.

Enhanced cover, free of charge

Further to this, when you use our new calculator and apply for the level of cover recommended, we’ll give your client the following enhanced cover free of charge, to ensure they aren’t underinsured:

  • Additional 12 months Indemnity period & proportionate increase in the sum insured over and above those recommended by the calculator will allow time for unexpected delays
  • 150% Enhanced declaration linked protection to cater for unforeseen positive business trends (Declaration linked policies)
  • Removal of ‘Average provision’ from the policy

The above applies to mid market businesses who turnover up to £25m annually and require an indemnity period of 4 years or less; traded through our regional underwriting teams (excluding Property Owners, Agriculture and online business through Fast Trade or iMarket).

In order to receive the enhanced level of BI cover you must complete the BI calculator with all information submitted as a ‘fair presentation of risk’ and provide the summary output as part of the application (must be completed and submitted annually to maintain cover).

This application is available only to authorised users.

You will need to log in to Aviva Broker before you access BI Calculator.

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