How to Protect Your Business from Supply Chain Disruptions

Supply chain disruptions can significantly impact businesses, leading to delays, increased costs, and lost revenue. As an insurance agency, we understand how critical it is for companies to have a safety net in place when unexpected interruptions occur. Let’s explore how business insurance can help mitigate the risks associated with supply chain issues.

 

Common Causes of Supply Chain Disruptions

 

• Natural Disasters: Weather events, like hurricanes and floods, can halt transportation and production.

 

 

• Global Events: Political instability, pandemics, or international trade restrictions can lead to significant delays.

 

 

• Supplier Failures: Bankruptcy, labor strikes, or operational issues can disrupt the flow of goods.

 

How Insurance Helps During Supply Chain Disruptions

Business insurance can provide essential support when your supply chain is disrupted. Key policies include:

 

• Business Interruption Insurance: Covers lost income and extra expenses caused by supply chain delays.

 

 

• Contingent Business Interruption (CBI): Protects against losses resulting from disruptions at a supplier or vendor.

 

 

• Cargo Insurance: Ensures goods are covered during transit, whether by sea, air, or land.

 

Stay Ahead of the Unexpected

 

Don’t let supply chain disruptions derail your business operations. At HBS Insurance, Inc., we’re here to help you explore coverage options tailored to your industry and needs. Contact us today to learn how the right insurance policies can protect your business from the unexpected.