Month: April 2023

What is interruption of business insurance?

Apr 24, 2023 | BUSINESS & ENTERPRISE

Interruption of business insurance, also known as business income insurance, is a type of insurance coverage that protects businesses against financial losses resulting from unexpected disruptions to their operations. These disruptions could be caused by a range of events, such as natural disasters, equipment breakdowns, or supply chain disruptions. Interruption of business insurance is an important tool for businesses to mitigate the financial impact of unexpected events and to help them recover more quickly from disruptions.

What are ESG-focused insurance products?

Apr 10, 2023 | BUSINESS & ENTERPRISE, General

Environmental, social, and governance (ESG) focused insurance products are designed to incentivize and reward sustainable and socially responsible practices by offering reduced premiums, improved coverage, or other benefits to businesses that implement ESG strategies. These products are becoming increasingly important as businesses face growing pressure from stakeholders to address ESG issues, such as climate change, social inequality, and corporate governance.