Products - QUS Instant Profits Insurance
Business interruption insurance in an instant, is possible with QUS's Instant Profits Insurance which provides the ability to maintain the business turnover and provide cover for additional costs when turnover is interrupted.
Using QUS's more than 1200 Rating Classification percentages to take advantage of the weekly sum insured and payment framework of the QUS Policy Wording, will provide a simplified business interruption insurance cover.
Tell us the annual turnover, tell us what type of business and QUS's standard Rating Classifications will tell you what percentage should be insured to maintain turnover when an insured interruption occurs.
Benefits of the QUS policy:
Instant Profits Insurance uses the QUS Policy Wording to provide simple, understandable, flexible, non-penalising Business Interruption Insurance cover.
It is a business interruption insurance solution with claims paid every seven days where practical, so that short term losses can be identified, cash flow can be maintained and average is not applied.
Lumped Extensions:
QUS's Lumped Extensions are a key component of Instant Profits Insurance and provide flexible cover for costs which arise after the loss takes place, assisting with:
- Relocation
- Expediting expenses
- Claims preparation costs, and
- extra costs incurred in operating.
Indemnity periods start at as little as 13 weeks and can be selected to maximise the value of cover so that all businesses can afford QUS's business interruption insurance.
Business Interruption/Loss of profits Insurance - Major Policy Comparisons.
| Standard Market Policies | Mark IV (ISR) | Pack | QUS |
| Provides Rating Classification from inception | No | No | Yes |
| Discloses Rating Classification from inception | No | No | Yes |
| Requires uninsured working expenses | Yes | Sometimes | No |
| Applies average 85%/100% | Usually | Usually | No |
| States when a claim will be paid | No | No | Yes - 7 days |
| Easier to understand policy wording | No | No | Yes |
Target Market - Businesses with a budget annual turnover not exceeding $5M
