Supply Chain Insurance Procurement in the US
This report is intended to assist buyers of supply chain insurance, which is also called contingent business interruption insurance, contingent time element insurance and non-damage business interruption insurance. This insurance reduces or mitigates the financial impact of nonphysical damage that disrupts buyers’ supply chains. Coverage insures buyers against natural disasters, government regulation, pandemics, strikes and other events that cause them to lose income. Buyers in this market include businesses with complex supply chains, particularly pharmaceutical, technology and automotive companies. Providers in this market are either direct insurance carriers or agents and brokers. This report excludes business interruption insurance and property insurance.