During our business interruption (BI) or business income coverage risk podcast, we review the fundamentals of BI coverage.

We discuss:

• How BI coverage helps businesses when they experience a loss and can’t do business.
• How BI coverage is included in property insurance policies.
• Exclusions to coverage.
• Why direct physical damage to suppliers or customers must be a covered peril in the insured’s policy for it to be covered under BI insurance.

We also cover and how losses are measured and review the fundamentals of contingent business interruption, which covers events that don't affect the insured directly but limit an insured's ability to do business.

_{About Marsh’s Risk Management and Insurance Podcast}

_{Marsh’s Risk Management and Insurance Podcast series offers insight into the intricacies of the three major lines of commercial insurance coverage. The series features two content tracks on best practices in property, casualty, and financial and professional liability insurance: RM 101 and the more advanced RM 201*. This educational offering is designed to help risk professionals and individuals with risk management and insurance responsibilities gain a fundamental understanding of the major commercial insurance lines and related risk management strategies.}

_{*RM 201 episodes to be released in 2017.}

Read the Transcript.

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