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If there were any time to consider whether it is a good idea to have insurance to make sure your business still runs during adverse weather conditions, it is now.

The UK is in the midst of a record-breaking freeze and millions of people have been snowed in up and down the country. While many have enjoyed the snow, businesses have suffered from missing staff, late deliveries and general disruption.

In fact, the Federation of Small Business has estimated that that the bad weather could have cost small business more than £1.2bn – that's a huge amount considering the year we have just had. And while the snow may stop trains, planes and automobiles it does not stop lenders demanding payment for their mortgages and loans. If you are unable to earn money, your business is at risk no matter regardless of the weather.

That's why small business owners need to make sure they have the right insurance to guarantee that wind, rain and snow doesn't affect their finances. Income protection and mortgage payment protection are just two products that can go a long way in ensuring that if you don't get the payments you need, your debts are not at risk.

Talk to a mortgage expert about taking out specialised self cert insurance that helps snowed in businesses and iced-up enterprises get by during the coldest of winters.

SOURCE: FSB, 09/01/10

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