Business Interruption and loss of profits following property or other damage can often be more expensive than the cause of the interruption. Putting a business back into a pre-loss position can take time especially if there are lead times for the replacement of key machinery and the problem of recovering market share. Incidents occurring elsewhere can also lead to a loss of business, for example a key supplier or key customer. Many businesses who suffer a serious property loss can go out of business altogether through lack of adequate insurance to maintain cash flow.
ICA has considerable experience in this field and can give a great deal of assistance in analysing and mitigating the risk factors to a business and help create a business continuity plan. Facilities up to USD$100 million or more when required.
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