In a video interview, Marsh’s Caroline Woolley explains how the broker will tackle the key issues related to property damage business interruption policies

 

In a video interview, Marsh’s Caroline Woolley explains how the broker will tackle the key issues related to property damage business interruption policies

 

Caroline Woolley outlines five issues in property damage business interruption policies, including:

  1. Values – there are potential problems with getting the values right in terms of declarations, which could result in under-insurance
  2. Policies failing to respond to wide area damage owing to natural catastrophes
  3. Indemnity period issues
  4. Supply chain – supplier extension clauses can be restrictive in terms of limits and often cover only first-tier suppliers
  5. Dissatisfaction in the claims process

Woolley explains how Marsh is tackling these issues. Click on the above video to watch the full interview

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