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Article: Easing Coverage Conflicts.(business interruption insurance)(Brief Article)
- Article from:
- Best's Review
- Article date:
- November 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 A.M. Best Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A dynamic approach to underwriting business interruption insurance could prevent frustration and legal battles.
Business interruption insurance has been a key product of the insurance industry for some time. Small and large businesses alike consider this insurance a cornerstone of their risk-management strategies. This product enables them to transfer significant and unpredictable business risks to insurers, while allowing them the freedom to focus on running their business.
But since its introduction, this insurance has not evolved much--apart from cosmetic changes--to keep pace with today's dynamic business environment.
In undertaking an ...