Let’s assess your business interruption exposures.
Together, we can build a tailored BI policy to your unique risks, and ensure that your business is positioned to survive a major disruption.
Business interruption coverage is an essential supplement to the many other policies that protect you when your normal business activities are disrupted.
See how BI insurance extends the protection provided by policies for:
When your company or its senior leadership experiences a critical event, business can stall. If the disruption is blamed on a senior leader, a D&O, Professional Liability or EPL claim could result which BI would not cover. An associated BI enhancement would be crucial to cover the cost of the disruption.
When business-critical software or hardware is inaccessible due to a cyber breach, outage or ransomware event, operations could come to a halt, leading to financial losses. Such a case would trigger the network business interruption coverage under a cyber risk policy.
A supply chain interruption could prevent you from producing products or delivering services. In that case, a contingent business interruption policy — coverage that complements traditional BI insurance — may be necessary.
If employees are injured by a catastrophic event that causes business disruption or during disaster recovery cleanup, workers’ compensation insurance will cover costs associated with their claims. However BI insurance will cover lost income due to the business disruption itself.
A fatal accident on a construction site, and the ensuing police investigation, prevented work for more than 48 hours. The shutdown led to significant losses for the construction company, and turned into a claim on its BI policy.
A fatal accident on a construction site, and the ensuing police investigation, prevented work for more than 48 hours. The shutdown led to significant losses for the construction company, and turned into a claim on its BI policy.
A busy bakery couldn’t get the particular flour necessary for its products due to political instability in its vendor’s geographical area. As a result, the bakery had to halt production — and because the stoppage was caused by the vendor, it triggered the bakery’s second-tier contingent business interruption policy.
Together, we can build a tailored BI policy to your unique risks, and ensure that your business is positioned to survive a major disruption.