Lessons learnt in business interruption
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Together with PARIMA, we have prepared this publication to highlight some of the difficulties in purchasing adequate BI insurance cover through a series of case studies.
Risk managers and corporate insurance professionals consistently identify Business Interruption (BI) as the major concern facing their business today and in this publication we explore some common challenges clients face when working out their Business Interruption cover.
In the wake of a number of recent large losses following major fires and explosions, floods, storms and earthquakes where BI has been a major cause of loss, it is clear to see why concerns surrounding BI policies are paramount. Typically the BI proportion of a property claim will account for the majority of the loss, and will commonly exceed USD 100 million – in some cases even reaching USD 1 billion.