This month we’re asking retailers: Do you have business interruption insurance?

Home World – Mattress & Bed Centres

Regarding business interruption insurance we do have it through our property company (we are our own landlord). It covers us for any rent loss. We also have the retail business covered too with interruption insurance; however, it didn’t help with the Covid lockdowns. 

Harrison & Brown

Yes, I do have business interruption insurance. To be honest, I didn’t really think much about it until Covid hit. During those dark days of closure and furlough (a word I’d never even heard before!) my local insurance broker was brilliant. I’d also taken out legal assistance, so once it was confirmed I could claim, they took the reins and handled everything for me. When the payout finally came through, it was such a huge help. I’ve kept the cover ever since, I know another pandemic wouldn’t be included, but it still gives me that bit of peace of mind that if something drastic did happen, there’s at least a little safety net.

Millie & Jones

At the moment, we don’t have business interruption insurance in place. We’ve looked into it, and while I can see the value for larger, more established businesses, we’ve prioritised investment into growth and resilience within the business itself. That said, as Millie & Jones scales, it’s definitely something we would consider in the future, particularly given how reliant we are on supply chains and fulfilment partners. The more we grow, the more important that kind of cover could become.

M6 Beds

Yes, we do have business interruption insurance. We’ve experienced the value of it first-hand when we had a break-in and had to temporarily close. It was a very stressful and traumatic situation, but knowing we had insurance gave us real peace of mind. The insurer was supportive, and the financial help allowed us to focus on getting the business back up and running rather than worrying about immediate losses. It’s one of those things you hope you never need to use, but in that instance, it was an invaluable source of relief.

Land of Beds

At Land of Beds, business interruption insurance gives us real peace of mind. If the unexpected happened, such as a fire, flood or major disruption, it means we could still take care of our customers and our team. It’s something we hope we never need, but it’s reassuring to know it’s there!

Mattressman

For Mattressman, business interruption insurance is an important utility to have. It gives us reassurance that we’re protected from consequential losses arising from a variety of different events.  For example, if we’re unable to trade due to fire or other business critical events, we know that any loss in profit is covered.  With an increasing portfolio of stores across the country – this is vital for our business.