Business interruption beyond the physical

Businesses today feel more threatened by business interruption than any other risk, according to Allianz’ Risk Barometer 2018, but traditional business interruption insurance is no longer providing sufficient protection, with companies increasingly adding to it with non-damage business interruption (NDBI) cover.

To explain… Standard business interruption insurance offers protection if your business is disrupted by a direct cause, such as fire, flood, storm or terrorist act, causing damage to property. However, as the world becomes increasingly interconnected, a growing range of indirect perils is emerging that don’t inflict physical damage but have the potential to significantly disrupt your business operations.

Typical events over the last ten years that have caused significant disruption include:

> Cyber attack and technology failure, such as the WannaCry and NotPetya attacks in 2017
> Terrorist attack or shootings, such as those seen in London
> Damage at your supplier or customer premises

In this day and age, the resiliency of your business depends on how you manage disruption, whether the source is direct or indirect. NDBI insurance is designed to protect earnings and revenue even when there is no physical damage.

Here at Mathews Comfort, we can assess the current and emerging risks to which you are exposed and devise a solution that ensures you are fully protected, filling in the gaps that aren’t covered by traditional business interruption policies.

If you would like to find out more, or talk to us today call 01865 208000 or email info@mathewscomfort.com.


NDBI: the missing piece of your business interruption insurance? https://www.corporateriskandinsurance.com/news
Providing business interruption protection https://corporatesolutions.swissre.com/innovative_risk
Business Interruption: Looking Beyond the Physical https://www.marsh.com/us/insights , https://www.agcs.allianz.com/insights