Having robust business interruption insurance is essential for safeguarding against financial losses due to unforeseen events like fires, floods, or equipment failures. A critical component of this insurance is setting the right indemnity period, which covers potential losses during the time it takes for a business to resume back to its normal operations.
What to consider when setting indemnity periods:
- Supply chain dependencies: ensure the indemnity period accounts for potential disruptions, allowing time to find alternative suppliers if needed.
- Potential losses: consider the time and cost involved in . . .
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