BI insurances Archives

Estimating Business Interruption. It’s not a matter of guts feelings!

Estimating Business Interruption Recent media reports on business interruption insurance claims triggered by natural catastrophes have revealed an ubiquitous trend to shortcomings. Business interruption (or BI) insurance policies cover the loss of profit that a business suffers after a disaster (such as the downpours in Quang Ninh, or what Godzilla’ El Nino could create) due to a reduction in turnover and the increased costs in running the business. The loss covered may be due to a disaster-related closing of the business…