Business interruption coverage reimburses the lost gross profit if your business comes to a halt due to damage. Think of events like fire, storm, water damage, or burglary. This way, you can continue to pay your fixed costs and ensure the continuity of your business.
"}},{"componentType":"sectionTitle","title":"What is and isn't insured with the additional coverage for business interruption?"},{"componentType":"paragraph","richBody":{"value":"Water damage, fire, or other calamities? Sometimes your business needs to temporarily close. How do you then pay the rent or mortgage and the wages of your staff? With the business interruption option, you are insured against loss of revenue and can fortunately pay fixed costs, such as rent and salaries. This way, you ensure the survival of your business.
Examples of situations:
You also get reimbursed for any expertise and mitigation costs:
You can choose the additional coverage for business interruption as extra coverage with your ING Inventory and Goods Insurance or with the ING Company Building Insurance. You cannot take out the business interruption coverage separately. Do you already have inventory and goods insurance or building insurance but no additional coverage for business interruption? You can easily change this via your app or My ING Business.
Calculate your premium ING Company building insurance + business interruption
Calculate your premium ING Inventory and goods insurance + business interruption
You take out this insurance via ING with Allianz Benelux. You can apply, change your coverage, or make a claim in My ING Business or the Mobile Banking App. Allianz Benelux is the risk carrier of this insurance, meaning they will collect your premium and handle any damage payments.
"}},{"componentType":"sectionTitle","title":"FAQ – Business interruption coverage"},{"componentType":"accordion","accordionList":[{"title":"What does business interruption coverage cost?","richBody":{"value":"The premium for business interruption coverage is determined based on your business activity, gross profit, and the payout period. Easily calculate your premium using the button below and request a quote directly.
"}},{"title":"Why do I need business interruption coverage?","richBody":{"value":"In case of damage to your company building or inventory, your business may be temporarily halted. During this time, your fixed costs continue, but you have little or no revenue. Business interruption coverage provides compensation for the reduction in gross profit for a certain period.
"}},{"title":"What is the compensation period for business interruption?","richBody":{"value":"You have the option to choose a compensation period of 6 months, 1 year, 1.5 years, or 2 years. During this period, you receive compensation for the decline in gross profit. The compensation stops once your gross profit returns to its previous level, or earlier if the agreed period ends.
"}},{"title":"How do you calculate business interruption?","richBody":{"value":"Business interruption is equivalent to your gross profit. You calculate this by adding your fixed costs to the net profit.
"}}]},{"componentType":"cards","cards":[{"componentType":"productCard","cardType":"product","cardSize":"medium","title":"Company building insurance of ING","intro":"Insure your business against the financial consequences of damage.","image":{"transformBaseUrl":"https://assets.ing.com/transform/11b2e325-5f4d-4a95-a82b-7c80250e5450/Bedrijfsgebouwverzekering-header-image","type":"image","width":7488,"altTextIT":"Bedrijfsgebouwverzekering","original":"https://assets.ing.com/m/53b9bff69450e8e0/original/Bedrijfsgebouwverzekering-header-image.JPG","extension":"jpg"},"link":{"url":"/en/business/insurance/ing-company-building-insurance"},"checkMarkList":["Extensive coverage on solar panels","Flexibility in deductible","Expandable with glass and business interruption"]},{"componentType":"productCard","cardType":"product","cardSize":"medium","title":"Company inventory and goods insurance of ING","intro":"Insure against damage from fire, storm, theft, and vandalism","image":{"transformBaseUrl":"https://assets.ing.com/transform/32d98e0d-1430-4617-a0a9-6f3da6b737f8/Inventaris-goederenverzekering-header-image-1","type":"image","width":5700,"original":"https://assets.ing.com/m/6637e8b044ecc7f0/original/Inventaris-goederenverzekering-header-image-1.jpg","extension":"jpg"},"link":{"url":"/en/business/insurance/ing-company-inventory-and-goods-insurance"},"checkMarkList":["Goods also insured outside your address","Flexibility in deductible","Possibility to extend with additional coverage"]}]},{"componentType":"linkList","iconTitle":{"title":"Also interesting for you..."},"textLinks":[{"url":"/en/business/insurance/refrigeration-damage","text":"Refrigeration damage coverage"},{"url":"/en/business/insurance","text":"All business insurances"},{"url":"/en/business/insurance/ing-company-liability-insurance","text":"Company liability insurance of ING"},{"url":"/en/business/insurance/ing-company-legal-assistance-insurance","text":"Company legal assistance insurance of ING"}]}]}}}