BC 030107 Insurance Coverage

One important strategy to be considered is the maintenance of insurance to cover unexpected emergency losses. There are specialised insurance brokers and adjusters who are trained to assess the adequacy of insurance coverage in specific situations.

Insurance coverage should be considered for buildings and other premises, expenses incurred due to the emergency, loss of income, civil authority actions, non-performance claims by clients or other parties, and other potential consequential losses. Key personnel insurance should also be considered.

This section should include information on the coverage for emergency situations extended under all relevant insurance policies, the amount of cover, period of cover, person responsible for maintaining adequate cover, next renewal date, contact details etc.

(To complete the relevant section of the Business Continuity Plan, click here)

 

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This information is derived from the BCP Generator
For further information about the Business Continuity Plan Generator, visit The Disaster Recovery Shop
 
      See also Business Continuity World
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