Contingent Business Interruption (CBI) Insurance

Contingent Business Interruption Insurance is a type of business insurance that provides holistic insurability beyond physical damage coverage. CBI is a risk mitigation option and a form of risk transference, in which risk is transferred to a third party. CBI reimburses lost profits and further expenses resulting from a business interruption at the premises of a customer or supplier, softening the financial impact of events outside of a business?s control. CBI combined with sturdy supply chain risk management strategy is a supply chain resilience measure, especially for businesses that rely on an extensive multi-tier supply chain.

Back to Riskipedia Index

Connect with Resilinc

Sales & Support (408) 883-8053

Login

Lost your password?