Use flow charts to identify sole source suppliers or other contingent business interruption exposures.

Comment: When reviewing business income exposures it helps to draw a map or a flow chart of how goods and services flow. What in the chain could cause an interruption? If there were an interruption in that chain how long could it last? What would be the worst case scenario? What if there is no physical loss to the building? How much coverage is enough?

Bottom Line: Business Interruption Insurance is to a business as Disability Insurance is to us personally. If we get sick and are unable to work there is a good chance that our income will stop and our households will suffer. Same thing with a business if it suffers a loss (gets sick) there is a good chance that the businesses income will be affected and the business will suffer, to the point were it may not survive. Spend the time to review your organizations exposures.

(See the full article on Business Income Tips that is posted on this site)