With the growth of outsourcing, interdependency and streamlined processes, companies are increasingly relying on their supply partners. If the supplier suffers loss and fails to supply goods or services required, revenues of the buyer potentially could be seriously affected.

Contingent business interruption (CBI) protects a business in this type of situation, and for both buyers' and suppliers' goods or services. Coverage can be purchased stand-alone or in excess of a property policy CBI/supplier extension.

Coverage can also arranged to protect against loss at a key customer's location.

Insured interests include:

• Loss of profit
• Loss of revenue
• Liquidated damages
• Additional and / or increased costs of working

Traditionally, CBI insurance is purchased as an extension to a standard Property programme, and is usually limited to physical perils, and we can also arrange stand-alone CBI policies. As well as standard physical perils, we can include:

• Third party strikes
• Political risks
• Pollution & contamination
• Epidemic & disease
• Denial of access
• Terrorism

This list is not exhaustive and other perils can be included.

Proposal form

To download a proposal form, click here.