BI insurance helps a business return to its financial position before a defined incident defined by the policy and may cover loss
of revenue, wasted overheads and possibly even increased expenses where these are incurred to minimise loss.
Many BI policies cover an insured only for damage to property and proper analysis of the specific policy wording is vital to
determine whether BI due to COVID-19 falls within the scope of the policy cover. Remember also the general duty to mitigate
loss. Protocols to protect employees and ensure maximum business continuation may prove valuable when submitting a
claim under a BI policy.