Tips on setting your Business Interruption Insurance Maximum Indemnity Period
Business Interruption policies are unique in that they require both a sum insured and a Maximum Indemnity Period (MIP). Through Swiss Re’s conversations with risk and insurance professionals, it is evident that accurately establishing the Business Interruption value with an adequate sum insured and an appropriate Maximum Indemnity Period is a constant challenge.
In this article, Swiss Re shows how your Earnings Statement can be impacted when a Maximum Indemnity Period expires and list some of the tips to help you ensure your organisation is not underinsured and can fully recover following a loss.
To read the full article from Swiss Re Senior Claims Manager Peter Newall, click the link below….
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