Why Business Interruption Periods of 12 months are rarely adequate with Rob Ford

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 Contact details for Rob are: Robert Ford FCA ACILA MAAT Executive MCL Adjuster – Financial Lines Sedgwick International UK. Email [email protected] Disclaimer The content used in this video is intended for educational and informational purposes only and does not constitute, is not intended to provide and should not be construed as formal advice on any of the subject matters discussed. All rights to the images, music clips and other materials used belong to their respective owners I do not claim ownership over any third party content