Balance Sheet Protection
Beyond Traditional
Business Interruption Cover
The loss must result from the occurrence of an “insured event”, which is beyond the control of the assured and which may be defined to include all or some of the following: natural perils e.g fire, storm, quake, volcanic explosion etc; blockage of waterways, embargoes, sanctions, political interference, border closures, pandemics, or other triggers subject to the agreement of underwriters.
Losses covered can be extended to include loss of earnings, contractual penalties, liquidated damages, extra costs and expenses and potentially additional financing costs.