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Difference between survival and insolvency.
Protecting Physical Assets against accidental damages is well understood by the commercial world. On the other hand, the effect of major losses on the financials of the company is grossly underestimated. In many loss situations, the Business Interruption losses far exceed the Material Damage losses.
In today’s business environment focused on cost reductions and optimum utilization of capacities, any significant loss situation affects the finances of the company immediately and with drastic consequences.
Most Corporates do not grasp the importance of a well-designed Business Interruption cover which could mean the difference between growth and continuity to insolvency!!