- Appetite
- Property and BI specialist; worth considering for larger, asset-intensive businesses needing an engineering-led approach.
- Check
- Check minimum scale, engineering requirements and suitability for the occupation.
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Reading the risk
For: Business interruption
We couldn't tell the trade from that, so these are the broad commercial markets. Add the trade and the class of cover for a sharper list.
What underwriters will focus on
Business interruption cover is requested, but the trade, size and property exposure are unspecified, so these are provisional options. Underwriters will need the interruption triggers, BI values and indemnity period, particularly whether cover accompanies property damage insurance or is sought without it.
Where to start
QBE; Endurance Worldwide Insurance; Hadron UK Insurance; Tokio Marine Kiln (varies by product) Source
Quote online (own portal), Quote online via software house, Submit to underwriter · Pen Central, Acturis, Open GI Source
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We found 29 UK markets that write business interruption: 13 insurers, 16 MGAs and 0 Lloyd's markets. Commonly listed: FM Global, Pen Underwriting.
Choosing the right indemnity period and an accurate gross profit or revenue figure matters most, because BI underinsurance is common. Supply chain reliance, single site operations and denial of access cover also come up.
BI, loss of revenue, loss of profits, consequential loss
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