Corporate Underinsurance: Improving understanding of business interruption cover
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
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