‘Eric’ flies the flag for Tysers at the FIVA World Rally in…
In late May ‘Eric’, a very handsome 1962 plate E Type Jaguar owned by Tysers very own classic car enthusiast Martin Tinsley, headed to Portugal…
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Under-insurance can be caused by the selection of an inadequate Indemnity Period.
The Indemnity Period in a Business Interruption Insurance policy is a limited post-incident period for which an insurer will indemnify a client for financial loss.
Research indicates businesses often choose an insufficient maximum indemnity period.
This is typically due to a failure in understanding the full range of factors that could delay business recovery following a loss. Setting an adequate Indemnity Period is vital because once this period ends, the claim payments will cease, even if the sum insured has not been exhausted.
Businesses should factor in worst case scenarios when calculating their required Indemnity Period. Creating or refining business continuity plans will be central to determining what length of indemnity period your business might need.
In deciding what Indemnity Period will be sufficient many factors will need to be considered including:
In late May ‘Eric’, a very handsome 1962 plate E Type Jaguar owned by Tysers very own classic car enthusiast Martin Tinsley, headed to Portugal…
Music & Live Events: A Guide to Adverse Weather Risks and EVENT Cancellation INSURANCE Event Cancellation Insurance is an important cover for any event where…