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This article discusses the complexities of business interruption insurance, focusing on critical issues such as the Loss of Rents Premium Adjustment Clause, adequacy of Sum Insured (SI), and the implications of Indemnity Clause of Work (ICOW) in the market. It also examines the AICOW market effects adjustments illustrated through the case of Orient Express, and explores the definition of Insured Gross Profit in relation to uplift calculations. Businesses must grasp these factors to ensure effective risk management and insurance coverage.
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Business Interruption issues Challenges: Loss of Rents Premium Adjustment Clause / Adequacy of SI Allocation of ICOW / AICOW Market Effects Adjustment – Orient Express / Uplift Definition of Insured Gross Profit – UWE