Business interruption insurance protects UK businesses against loss of gross profit or revenue and additional increased costs of working following insured property damage, and in some cases specified non‑damage events. Underwriters, brokers, and risk consultants need to ensure accurate sums insured, realistic indemnity periods, and appropriate consideration of supply‑chain and utility dependencies, while the market continues to refine wordings, aggregation views, and customer communications in light of recent high‑profile disputes and systemic events.
Savings clauses held up - and so did an estimated £1 billion in deductions
No business is immune to risk
Poll shows cyber demand outpacing political, supply chain, interruption lines
Boards are shifting focus from traditional hazards to cyber, continuity and true cover adequacy post COVID
UK hospitality group is seeking damages after hundreds of pubs were allegedly left exposed during the pandemic