If your business has been affected by the power failure, we recommend the following:
• implement your business continuity plans
• Follow any loss of income when the phone line and a power failure began.
• Contact your insurance broker as soon as you can.
• Have your broker by your policy wording to identify the insurance coverage that may apply (for example :. some business interruption policies include an extension for the loss of income / additional expenses due to local off power interruption caused by fire)
Council in the City of Calgary:
• have you contacted the employees to let them know what happens
• telecommuting is an option
• do you have a phone number or email? for employees to contact for status updates?
Currently, the City of Calgary is to enable the deployment of industrial generators at street level for business and building owners in the area affected by a power outage (permits are required.) The building owners can obtain a permit by contacting 311.
Enmax officials believe that power will be fully restored in the area affected by Thursday. For updated real-time updates, visit the website City of Calgary or follow them on Twitter and Facebook.
What is the assurance of operating losses?
• The cover operating losses is designed to step and continue to pay you for your financial loss due to an insurable risk.
• It is generally some form of deductible period / waiting 24 or 48 hours.
• certain forms of business interruption continue to pay after your business is operational again until sales levels return to normal. Others stop once your business is open return.
• The cover operating losses generally continue to pay for a benefit period of 12 months from the date of loss. Longer periods are available and recommended based on your individual needs.
• cover additional charge is a form of business interruption that may be available depending on the circumstances of the loss
• Contact your broker to see if and what type of coverage of operating losses that you have.
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