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.
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The first thing that you should note is that a Business Interruption policy should form part of your business’ overall disaster recovery and business continuity plan, which should be developed by following certain steps.
As stated in our series introduction, a Standard Business Interruption insurance policy provides you with coverage for financial losses arising from an insured peril causing insured damage to an insured property. We have seen however, that there are several ways in which your operation can experience Business Interruption. As a result, there are varying types of Business Interruption insurance coverages to address this.
Caribbean territories are greatly exposed and highly vulnerable to natural disasters, which means that our homes, businesses and lives are always at risk.
However, despite 89% of businesses in Barbados being exposed to loss of income from catastrophes...
Whether it’s for your home, car or personal health, we take out insurance policies to help us rebuild or recover from some unforeseen circumstance or incident. In the case of your business however, there’s a bit more you need to take into consideration.
When considering our risk exposures personally and for our company, our minds generally tend to gravitate towards our physical assets and their protection. Hence, there is a general understanding and acceptance of most of the major forms of property insurances...
