Blog: Should we return to a standard BI policy wording?
The Covid-19 pandemic has highlighted a split between what policyholders expect from business interruption cover and what insurers say it offers. Damian Glynn, Sedgwick International UK head of financial risks, asks whether customers are ensnared in a web of choice.
It used to be that insurers based their policy wordings on industry-standard models, notably the Association of British Insurers’ ‘Recommended Practices, Wordings and Procedures [relating to
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