Business Interruption Key Issues: Overcoming Hurdles in Business Interruption
Marsh has released a joint report with Airmic, Business Interruption Key Issues: Overcoming Hurdles in Business Interruption.
Insurance managers consistently identify business interruption (BI) as a key concern, and business interruption and supply chain risk as the number one risk facing businesses today.
In this paper, Airmic and Marsh consider the fundamental hurdles of BI, addressing the key reasons why purchasing BI cover can be so complex and suggesting practical steps that insurance managers can take to understand their BI risk and increase their confidence in the effectiveness of the cover purchased.
The guide looks at four areas of difficulty highlighted by Airmic members, and develops the material covered within the Marsh report, Business Interruption Efficacy: Five Key Issues, including:
- Ensuring efficient claims settlement.
- Selecting the maximum indemnity period.
- Purchasing relevant supply chain cover.
- Determining the insured values and avoiding underinsurance.
To find out more, download the report.