“Large-scale supply chain disruptions and natural disasters in recent years have shined a light on the need for businesses to have proper insurance cover for their ability to generate revenue.” Today on the blog, Aruna Chandrapalan ACMA ACILA CFE and Gerald Cheang, CPA, ISCA FFP, MCIArb weigh in on considerations for businesses evaluating their business interruption (BI) cover. To learn more, visit https://bit.ly/4eSYpqA.
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Due to supply chain delays and rising inflation, it’s important to ensure that business interruption sums insured, and indemnity periods are re-assessed for accuracy, says Antony Mellino from Interruption Underwriting Agencies. Read more: https://lnkd.in/ggRfrqvR Steadfast Underwriting Agencies #businessinterruption #businessinsurance #underinsurance #indemnityperiods
Do your client’s business interruption indemnity periods and sums insured need updating?
iua.com.au
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Experienced global B2B marketing professional | Proposition & Content Marketing | Social Selling | Thought Leadership
Companies are seeking a better understanding of the interdependency between different locations in their supply chain and are relying on risk management expertise to gain clarity and to effectively manage risks. Find out more in this recent Insurance Business UK article featuring my colleagues Howard Kingston and Bjorn Hartong CPP, MSc,MBA #RiskManagement #SupplyChain #ZurichCommercialInsurance
“Customers are having to really think about what they do, where they source their raw materials from and about the security that’s associated with that." In an interview with Insurance Business UK, Howard Kingston and Bjorn Hartong CPP, MSc,MBA discuss the current supply chain and cargo challenges, how businesses are rethinking their supply chains, and how insurers can support them in managing these risks. Read the article here:➡️ https://lnkd.in/edhBjjPA
Zurich on unpicking the Gordian knot of challenges facing the cargo insurance market
insurancebusinessmag.com
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According to recent analysis from MarketScout, in 2023, the transportation industry was assessed as the sector with the largest rate increase at plus 7.26%, as the total rate increase across all industry groups hit 4.56% in the year. Is your company ready to explore alternative risk options?
U.S. Commercial Insurance Rates Up 4.56% in 2023: MarketScout - ProgramBusiness | Where insurance industry clicks
https://programbusiness.com
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🏭 Safeguarding Your Manufacturing Business: The Importance of Business Interruption Insurance 🛡️ In today's dynamic manufacturing landscape, navigating through various risks is a constant challenge. Escalating costs in raw materials, labour, machinery, and plant are exerting significant pressure on the industry. While meticulous planning and robust Business Continuity Plans are essential, having tailored insurance is equally vital. Enter Business Interruption Insurance, a crucial component in protecting your business against unforeseen events. Imagine a scenario where a fire devastates your warehouse – Business Interruption coverage steps in to protect your loss of profit, ensuring you can continue trading. This insurance goes hand in hand with property coverage and provides a lifeline by: ✅ Covering operating expenses, including potential relocation costs. ✅ Extending to cover disruptions with crucial suppliers or service providers. For instance, if a fire impedes your provider from delivering materials, it helps cover the resulting income loss. At MAD, we understand the intricacies of the manufacturing sector. We are dedicated to tailoring insurance solutions that align with your unique business needs, offering you the peace of mind to focus on what you do best. Don't leave your business vulnerable. Reach out today, and let's discuss how we can protect your manufacturing enterprise. #ManufacturingInsurance #BusinessInterruption #RiskManagement #MAD #insurance
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This topic is front and center right now. Great article!
#SupplyChain ALERT! What happens to #CargoInsurance when goods enter #hot zones and encounter #war and conflict? Don't be caught off guard! When the stakes are high and the situation is unpredictable, it's vital to understand your coverage, including what's covered and what's not. In his recent article in the American Journal of Transportation, Joe Chillino AMIM, TRIP provides clear and concise insights to simplify this complex topic. Read the article here: https://bit.ly/3OBJV2T Lean on us to help you understand your insurance coverage and navigate these challenging times.
Insuring Cargo in Conflict Zones: Navigating Risks and Understanding Coverage - Roanoke
roanokegroup.com
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In an era where business interruptions could arise from any corner, be it a pandemic or geopolitical strife, the foresight to manage business interruption risks effectively sets leaders apart. Our latest article sheds light on the strategic advantages of BI insurance and the pivotal role it plays in securing your business's future. Read it now! https://bit.ly/3V2lqQp
Managing business interruption risks amidst uncertainty
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Building brand awareness and empowering colleagues to build their share of voice via Social Media | Director, Social Media @Marsh McLennan Agency. Views: Mine
Whether it's an extreme weather event or supply chain disruptions, how can your organization protect itself from catastrophic risk? Denise Perlman, CIC, President of National Business Insurance Marsh McLennan Agency, dives into this question in her latest Forbes Finance Council column. #businessinsurance #riskmanagement
How Your Organization Can Protect Against Catastrophic Risks
forbes.com
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Whether it's an extreme weather event or supply chain disruptions, how can your organization protect itself from catastrophic risk? Denise Perlman, CIC, President of National Business Insurance Marsh McLennan Agency, dives into this question in her latest Forbes Finance Council column. #businessinsurance #riskmanagement
How Your Organization Can Protect Against Catastrophic Risks
forbes.com
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Whether it's an extreme weather event or supply chain disruptions, how can your organization protect itself from catastrophic risk? Denise Perlman, CIC, President of National Business Insurance Marsh McLennan Agency, dives into this question in her latest Forbes Finance Council column. #businessinsurance #riskmanagement
How Your Organization Can Protect Against Catastrophic Risks
forbes.com
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Director de Ingeniería en Addvalora W. Moller
3wInteresting!