SME Business Interruption Wheel
This diagram is a simple guide to the cover that is typically provided by a Business Interruption policy and what an SME needs to evidence when making such a claim.
The wheel considers three potential impacts of an incident, how these impacts are reflected in business interruption policies, the objective of evidence that is requested and examples of documents that an SME might be able to provide to evidence their claim. The impacts covered by the wheel include (1) revenue reduction (2) cost increases and (3) cost decreases and the evidence covers turnover, profit and loss, variable costs and invoices.
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