Corporate Underinsurance: Improving understanding of business interruption cover

london-riots-croydon

Last year's riots brought the problem of a lack of business interruption cover to the fore. What are the solutions to underinsurance in this area?

Anecdotally, more examples of business interruption underinsurance within the corporate sector are cropping up. Last summer’s riots spawned some of these cases, as has the fact that companies have been looking to reduce their premium spend as a result of the economic downturn and subsequent squeeze on costs – by way of cutting down on the indemnity period.

Beyond this, some claims are taking longer to settle because of buildings regulation red tape, among other issues. So, how serious a problem

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: