Understanding the Complexities of Business Interruption Insurance when considering the adequacy of Indemnity Periods with Rob Ford

In this episode of the Sitting With Sue Insurance: Questions Answered

podcast, Sue Taylor speaks with Rob Ford, a Business Interruption

Specialist from Sedgwick. They discuss the limitations of the 12-

month maximum indemnity period for business interruption (BI) insurance

and delve into the various stages and external factors that can affect the

timeline and efficacy of BI claims. Key takeaways include the importance of

a robust business continuity plan, understanding all phases from post-

incident to post-reinstatement, and the critical need for extended indemnity

periods. Rob also provides insights to help businesses better prepare for

and manage BI claims.

00:00 Introduction to Business Interruption Insurance

00:56 Meet Rob Ford: Career and Interests

01:46 Understanding the Four Stages of Business Interruption

02:21 Stage 1: Immediate Post-Incident

05:36 Stage 2: Pre-Reinstatement Considerations

09:24 Stage 3: During Reinstatement

13:31 Stage 4: Post-Reinstatement Challenges

16:28 Summary and Key Takeaways

18:23 Final Thoughts and Contact Information

For a copy of the Graphic referred to in the episode contact Rob

Contact details for Rob are: Robert Ford FCA ACILA MAAT

Executive MCL Adjuster – Financial Lines Sedgwick International UK. Email robert.ford@uk.sedgwick.com

Visit my website at www.suetaylor.co.uk