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Contingent Business Interruption Coverage

CBI insurance is becoming a more prevalent component of property coverage as a result of converging economic and world events. Risk managers are increasingly becoming sensitive to the fact that world events such as terrorism or riots, regional incidents such as power blackouts or hurricanes, or local occurrences such as strikes, fires, floods, or explosions can have far-reaching effects on their company even if supply chain risk solutions, crisis management, or business contingency plans are in place.

28 minute read July 29, 2009 at 12:55 PM
By
William P. Shelley, Lawrence Bowman, Kendall Hayden and Samantha Evans
Contingent Business Interruption Coverage

Contingent business interruption (“CBI”) insurance provides coverage to an insured when a supplier or a key customer suffers a direct physical loss that interrupts the insured's own business (e.g., revenue stream).

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