Business Interruption Insurance
 Business
interruption insurance covers the actual loss of profit and
the continuing expenses incurred as a consequence of physical
loss or damage to the insured property. The period of recovery
is generally defined as the length of time "as would be
required" to repair or replace damaged property with due
diligence. This insurance is not widely known among the business
owners in Thailand but it is strongly recommended because the
impact of business interruption is sometimes greater than the
direct physical loss or damage to tangible assets.
Who Needs Cover?
Firms that have unavoidable financial obligations that will
continue during the time of business shutdown and/or potential
to loss their customers if the service is interrupted for
any significant length of time.
When/ How to insure?
Normally, it is recommended to insure Business Interruption
in parallel with Property Damage Insurance in light of its
principle as a consequential loss of the property damage which
cause interruption to the insured's business and result in
loss of revenues or increased cost of working. It is also
recommend to insure both covers with the same insurer.
For more information, please contact:
Khun Wasana Sombuthom
Tel. 01-825-7528 E-mail Wasana@aprc-consultants.com
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