Captive Benefits for All Risks Supply Chain Cover
Supply chain has been recognised as a critical risk in multiple reports over recent years. There has been mounting pressure on supply chain professionals, not only to increase the financial performance of their supply chains, but also to ensure that they are having a positive social impact.
The combination of global financial pressures, political protectionism, and an expectation that ethical standards will be monitored and continually enhanced are factors that undoubtedly contribute to the challenges faced. However, traditional business interruption (BI) insurance provides only limited, usually first tier, supply chain cover with claims triggered by physical loss or damage at the supplier’s premises.
Here, we examine the challenges, solutions, and a selection of industry case studies. Our solution provides an alternative option for businesses looking to transfer global supply chain risk.