Business Interruption Insurance: every choice has a consequence

The-difference-between-UK-and-US-forms-of-business-interruption-insurance

Peter Newall, Senior Claims Manager at Swiss Re Corporate Solutions clarifies and explains the differences between the two dominant derivatives of business interruption cover that have developed since the first attempts by 'Minerva Universal' were made in 1797.

“I am of course talking about the UK form of cover and the US form of cover. These two forms of business interruption insurance have some stark differences, which risk professionals need to appreciate when placing cover and to help prevent any potential surprises during a loss…”

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