This book examines business interruption policy cover and the issues that can arise when a claim is made. The writer uses real life examples and offers pragmatic solutions to problems.
The book explains the fundamentals of business interruption cover including the Operative Clause, Damage and the Material Damage Proviso. Declaration Linked policies are discussed, along with business issues that can impact claims. Calculation of Gross Profit and Maximum Indemnity Spend are considered. The writer also explores expansions to core cover, such as Denial of Access and Loss of License/Franchise. The potential overlap between stock and BI cover is also reviewed.