Insuring Wages on BI

Business continuity planning often highlights the need for previously regarded 'non-key staff' to be retained to assist in the recovery phase. Risk Management International's personnel regularly see the conflict where the same people are often not insured under dual wages provision on the Business Interruption policy. It is recommended that brokers and insurance advisers re-think their strategy on not insuring full wages, as often a (large) partial loss is not contemplated, but they do occur.

For further information, please contact Allan Manning:

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+61 3 9835 9977
+61 3 9835 9978
0413 127 779
allan.manning@LMIGroup.com