Business Interruption Policy wording advice

Legal advisers are called upon from time to time to provide advice on wording to be included in the Business Interruption section of a policy.

A disturbing trend over the last decade has been the removal of wording from and abbreviation of clauses in Business Interruption Policy wordings. This has resulted in multiple possible interpretations of clauses. This in turn increases the risk of confusion, conflict and disputes in the claim statement, adjustment and settlement process.

From our involvement and experience in numerous Business Interruption claims, we are able to provide insight into the implications of changes to policy wordings. Our knowledge of accounting terms and conventions allows us to provide suggestions on the appropriate terms to be utilised in policy wordings.