Business interruption… Groundhog Day? : vimarsana.com

Business interruption… Groundhog Day?


Damian Glynn - Sedgwick
COVID-19 has raised some tricky questions about business interruption cover around the world and cyber-related issues continue to present complicated challenges. We can afford to focus on those concerns because we already have the basic BI cover sorted out. Or do we?
In 2017, RIMS issued a report that summarised the findings of a business interruption survey. The report offered a snapshot of the scope of BI cover and the level of confidence that risk managers had in their insurance programmes. Unfortunately, the results suggested that the scope of cover for many businesses was inadequate and the overall level of confidence in programmes was low.

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