Our mission is solving our client's key risk concerns and in so doing make them more successful. Let's help you make better decision about Business Interruption.
Why Business Interruption?
Business interruption (incl. supply chain disruption) continues to be the top risk for the fifth successive year according to the Allianz Risk Barometer, with 37% of responses choosing it among their top three business risks. Business interruption (BI) entails a loss of income that could impair a company’s revenue stream and thus a shortfall in covering the ongoing costs of doing business. Its impact is one of the hardest risks to measure.
Presented by Lynch Insurance Brokers
What is Business Interruption
Let's start by understanding what has the power to impair a company to the point it may never recover.
Not enough attention is being paid to risk management and disaster mitigation, along with the risk transfer tools such as Business Interruption Insurance
— James Peirce
Top Feared Business Interruption
Physical perils like fire and explosion and natural catastrophes are the top causes of BI that businesses fear most. However, alongside these perils, so-called non-physical or non-damage causes of BI are becoming a much bigger issue…