Every hour without operating is a financial loss.
Protect your revenue stream against operational interruption with Business Interruption Insurance.
Insurance / Companies / Business Interruption
Business interruption
Business Interruption Insurance, also known as Loss of Hire or Loss of Income, is coverage designed to protect companies when their operations are interrupted by a covered loss or event.
When an incident such as fire, machinery damage, a well accident, vessel collision, or natural disaster paralyzes your operation, this insurance compensates for the loss of income while you restore your activity.
Why choose NRGI Broker for your coverage?
At NRGI Broker, we design business interruption insurance tailored to your operations. We understand that it’s not just about protecting physical assets, but about safeguarding your cash flow.
Exclusive benefits with NRGI Broker
- Tailored design for high-risk sectors such as energy, oil, marine, and infrastructure.
- Cash flow protection against operational interruptions.
- Integration with Property Damage or Well Control policies.
- Peace of mind for your investors and stakeholders.
- Backed by over 35 years of experience in the sector.
What does the insurance cover?
This insurance compensates for the financial loss resulting from business interruption due to…
- Direct material damage to insured assets (platforms, vessels, machinery, and infrastructure).
- Catastrophic events such as fire, explosions, floods, or storms.
- Maritime accidents (in the case of vessels).
- Incidents in oil wells or industrial operations.
- Damage tocritical equipment affecting operational continuity.
Note: Coverage applies during the period in which the company cannot generate income due to insured causes.
Who is it intended for?
This coverage is essential for companies with critical operations, such as…
- Shipowners and maritime operators (Loss ofHire forvessels).
- Energy and oil companies (interruption due to well control events).
- Construction and infrastructure projects.
- Manufacturing industries.
- EPC / offshore contractors.
- Technology companies with mission-critical infrastructure.
Key benefits of purchasing this insurance
- Protection of cash flow during interruptions.
- Financial stability while damage is being repaired.
- Compliance with contractual or regulatory requirements.
- Peace of mind for your investors and stakeholders.
- It can be integrated with Property Damage or Well Control policies.
Examples of covered situations
- An offshore vessel suffers collision damage and is out of service for 90 days. Loss of Hire insurance covers the lost income.
- A drilling unit is affected by an accident, halting a contract. The insurance compensates the operator for the income not generated.
- An industrial plant is shut down due to fire. The insurance covers the net profits lost during the restoration period.
