Menu

  • Home
  • Our services
    • Our Client Journey
    • Personal Insurance
      • Income Protection Insurance
      • Life Insurance
      • Total and Permanent Disability insurance
      • Trauma Insurance
      • Health insurance
      • Home Contents Insurance
      • Motor Insurance
      • Landlord Insurance
    • Business Insurance
      • Business Expenses
      • Business Interruption
      • Business Property
      • Buy Sell Agreements
      • Commercial Vehicle
      • Cyber Protection
      • Group Income Protection
      • Key Person
      • Management Liability
      • Marine Transit
      • Professional Indemnity
      • Public Liability
    • Financial Advice
      • Estate Planning
      • Investments
    • Superannuation
      • Retirement Planning
      • Self Managed Super Funds (SMSF)
      • Wealth Accumulation
  • Resources
    • Videos
    • EOFY
    • E-Books
  • News & views
  • About
    • The IAS approach
    • The IAS Investment Philosophy
    • Case Studies
      • Trauma Insurance Case Study
      • Business Property Insurance Case Study
      • Business Interruption Case Study
      • Superannuation Case Study
      • Workers' Compensation and Income Protection Case Study
      • Contract Review Case Study
    • Testimonials
    • Affiliates
    • Frequently Asked Questions
    • Compliance

Follow Us

Insurance Advisory Service
  • Home
  • Our services
    • Our Client Journey
    • Personal Insurance
      • Income Protection Insurance
      • Life Insurance
      • Total and Permanent Disability insurance
      • Trauma Insurance
      • Health insurance
      • Home Contents Insurance
      • Motor Insurance
      • Landlord Insurance
    • Business Insurance
      • Business Expenses
      • Business Interruption
      • Business Property
      • Buy Sell Agreements
      • Commercial Vehicle
      • Cyber Protection
      • Group Income Protection
      • Key Person
      • Management Liability
      • Marine Transit
      • Professional Indemnity
      • Public Liability
    • Financial Advice
      • Estate Planning
      • Investments
    • Superannuation
      • Retirement Planning
      • Self Managed Super Funds (SMSF)
      • Wealth Accumulation
  • Resources
    • Videos
    • EOFY
    • E-Books
  • News & views
  • About
    • The IAS approach
    • The IAS Investment Philosophy
    • Case Studies
      • Trauma Insurance Case Study
      • Business Property Insurance Case Study
      • Business Interruption Case Study
      • Superannuation Case Study
      • Workers' Compensation and Income Protection Case Study
      • Contract Review Case Study
    • Testimonials
    • Affiliates
    • Frequently Asked Questions
    • Compliance

Business Interruption Case Study

Noting that a clause for ‘prevention of access’ was not included, we negotiated the wording with the insurance company and had the clause included

An insurance policy may be worthless if it hasn’t been specifically tailored to your needs.

Insurance Advisory Service reviewed a Business Interruption Policy for a medical practice located in Sydney’s west. Noting that a clause for ‘prevention of access’ was not included, we negotiated the wording with the insurance company and had the clause included. Some time later, during the Sydney bushfires, the doctors were unable to access their medical practice for two days.

We liaised with the insurance company on their behalf and obtained a payment of $11,000 for loss of income due to prevention of access under their Business Interruption Insurance.

As specialists we have the skills to find any gaps in cover and make sure your policy has the correct wording. We also make sure our clients review their policies regularly and consider any changes in circumstance.

Related articles

Successful Insurance Claim Outcomes

Having an insurance claim accepted for a client is one of the most satisfying parts of the job when you’re a financial advisor, particularly when it helps a grieving family. There are many ways financ …

Read More

Sydney Property Market Update

It’s no secret that the property market in Sydney has seen a major slowdown in recent times with prices down significantly from their heady peaks during the latest boom. However, the upside of the dow …

Read More

Getting back on your feet after a major setback

According to recent research by Suncorp, two thirds of Australians procrastinate about making financial decisions, despite 85 per cent being concerned about their financial future. This is because our …

Read More

Your duty to disclose

When you apply for insurance, you have a legal duty to disclose all relevant information to your insurer. Otherwise, you risk having a claim rejected when you need funds the most.Insurance gives you p …

Read More
  1. Home
  2. Case Studies
  3. Business Interruption Case Study

ABOUT US

Incorporated for over 40 years ensures experience, knowledgeability and skill at identifying unforeseen risks and producing effective strategies. Unlike most brokers, we do not rely upon mathematical formulas or statistical models generated by computers to produce solutions– we believe every client is unique and our approach is tailored accordingly.

CONTACT US

Street Address
Level 2, 273 Alfred Street
North Sydney, NSW 2060
Postal address
PO Box 1073
North Sydney, NSW 2059
Call: (02) 8268 2900

  • © Insurance Advisory Service 2023
  • Terms
  • Privacy
  • Sitemap
  • Disclaimer
  • Website by:  CreativeBundy  &  CLOUD9Online