Tag Archives: business interruption


May 24, 2020

Risk Insight: How Coronavirus is affecting Cargo Insurance Customers

0 comments

Risk Insight: How Coronavirus is affecting Cargo Insurance Customers What is the likely/potential impact on Supply Chain? All areas of the supply chain in or via countries impacted expect to face reduced capacity to handle goods due to restrictions on movements of people and cargo. These restrictions are likely to have a significant impact on…

Read more
Managing Your Exposures – Sport & Leisure Industry
May 22, 2020

Managing Your Exposures – Sport & Leisure Industry

0 comments

Managing Your Exposures – Sport & Leisure Industry Some risks are common to all in the sector property and casualty exposures for risks such as fire, flood or slips & trips – liability. Also, Business Interruption is a big consideration for those with a reliance on a specific location – for example a Hotel or…

Read more
Don’t Wing It!
March 25, 2019

Don’t Wing It!

0 comments

Tut, tut. What would Colonel Sanders say? A chicken shop running out of chicken and one of the best-known brands in the world now facing reputational damage and ridicule. Picking through the bones of the sad story of KFC, which has left customers hungry, angry and even ringing police stations for help, after swapping distributor…

Read more
The rise and rise of modular
November 2, 2018

The rise and rise of modular

0 comments

The use of modular building is nothing new but it seems to be gathering momentum. Two major companies made announcements recently. Redrow is trialling the use of modular garages at two of its regional divisions. The house builder is also installing service pods to homes at its Paddock Wood development at West Drayton near Heathrow…

Read more
Business Interruption – Indemnity Periods
January 19, 2018

Business Interruption – Indemnity Periods

0 comments

Business interruption provides cover for the loss of profit or loss of revenue following damage or disruption to business premises. This can also include the supply chain that prevents a business from trading normally or prevents trading altogether. Matt Price Broking Director at Ascend Broking Group explains why it is important to understand what an…

Read more
Business Interruption – 40% of policies are underinsured
October 30, 2017

Business Interruption – 40% of policies are underinsured

0 comments

Inadequate business interruption insurance cover can seriously impact the ability of a business to recover following a loss. However, business interruption is a notoriously difficult area to understand and The Insurance Institute of London estimate that around 40% of policies are underinsured. The problem arises due to misunderstandings of the term ‘gross profit’. The definition…

Read more