OSIGURANI RIZICI U OSIGURANjU PREKIDA POSLOVANjA

Business interruption insurance is a type of insurance that covers the loss of income when a company suffers a catastrophic event such as natural disaster, massive fire damage or a huge machinery failure. Closing of the business facility due to the rebuilding process, which is typically considered only property damage in insurance terms, actually has far greater impact on any company as a whole. Many owners, managers and chief executive officers view business interruption insurance predominantly as expense, but global market trends require such policies to be implemented as key basis for modern risk management. For croatian insurance market business interruption policies are still developing as a tailor-made insurance product, while in European insurance market they are considered common business practice. This work is an overview of essential factors which determine business interruption insurance.