Blog: Business interruption and maximum indemnity period – how long should it be?
Business interruption insurance policies are designed to return companies to the position they were in before a loss. While that sounds quite simple, there are wide-ranging and complex factors that can undermine the effectiveness of a BI policy – and increase the risk of underinsurance, writes Lisa Williams, head of commercial property and casualty at Zurich Insurance.
One of the most common causes of underinsurance in business insurance policies is when sums insured are not set at the correct level. But another major cause of underinsurance is when businesses
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