Business interruption insurance: The basics Business interruption (BI) refers to any event that stops a business from trading or generating an income. Typical examples include fire, flood, explosion and theft. Business interruption insurance covers a business against the loss of revenue and helps it to get back on track in terms of paying overheads and […]
Author: Indwe Risk Services
Business interruption insurance: identifying risks and income streams You’ve got to grips with the basics of BI. The next step is knowing your risks and identifying income streams. Identifying risks with scenario planning Every business and industry has a series of scenarios that have the potential of playing out. You can determine the risks thereof […]
Business interruption insurance: business continuity plans You’ve learned about the importance of identifying risks and income streams. Now, we turn our attention to business continuity plans. Why do you need a business continuity plan? Developing a business continuity plan is a practical way of getting your business up and running and staying operational, in the […]
Business interruption insurance: risk and insurance advice In the previous article, we explored business continuity plans and how they can be used to identify risks and determine income streams. In this article, we unpack risk and insurance advice and how they can be used in managing risk. What is risk advice? Risk advice Risk advice […]
Business interruption insurance: Key elements of BI insurance In the previous article, we unpacked risk advice and insurance cover and how they can be used in managing risk. In the fifth blog in this series, we focus on the key elements of business interruption insurance, namely calculating your indemnity period and gross profit. Indemnity period […]