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Business Interruption Insurance


ProcurementIQ’s Business Interruption Insurance Procurement Research Report offers purchasing insight into the Business Interruption Insurance market. Our analysis dissects pricing trends and the supply chain, including highlighting key suppliers and their financial benchmarks. The report also provides key pieces of take-away intelligence, such as negotiation question preparation and a buying decision scorecard, which includes factors weighted according to their importance in the decision-making process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Business Interruption Insurance - Recent Price Trend

In the three years to 2017, premiums for business interruption insurance have risen at an estimated average annual rate of 0.8% amid a hardening insurance market. A number of natural and man-made disasters during the three-year period, such as historic flooding in South Carolina in 2015, has contributed to an uptick in claims among policyholders, which has caused insurers to suffer unusually high.

Business Interruption Insurance - Total Cost of Ownership

The total cost of ownership for business interruption insurance is high. Buyers must first have a property insurance policy in order to purchase business interruption insurance. Property insurance can cost several thousands of dollars depending on the size of a buyer’s enterprise, which is the main reason why the total cost of ownership is high. Buyers may be able to lower some of this cost.

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About this Report

This report is intended to assist buyers of business interruption insurance. These policies, also known as business income insurance, compensate policyholders for lost income resulting from physical damage to their properties. Policies may also cover policyholders if they cannot enter or exit their property, or in the case of a government-mandated shutdown. This report excludes general property insurance, building and contents insurance, supply chain insurance or general liability insurance.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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