Are Your Climate Change Losses Insurable?
Updated: Jan 17, 2022
Climate Change Losses are Reported Daily - Are They Insurable? Insurers Paid USD120 billion plus in 2021 - Yes for Floods, Fire and Earthquake & Non Payment
Insurance is a Contract to Compensate/Indemnify the Policy/Contract Holder for Physical Damage and/or Business Interruption and/or Supply Chain and/or Non-Payment or Non-Delivery following Pre-Agreed Events.
Insurers continue to pay Billions in Losses following Climate Change Losses due to extremes of weather. Not all Losses are Insured nor Insurable
We have 35+ years experience as Independent Risk Consultants and Insurance Brokers guiding our clients to Risk Transfer and/or implement an appropriate Enterprise Risk Management programme to sustain profitability and smooth unknown future losses. We are a FCA regulated Authorised Representative of Lloyds Broker Bellwood Prestbury Limited.
Insurers are changing their approach to some risks due to high and persistent losses from Extreme Weather. If you want to avoid having a loss excluded it is essential to review your insurance according to the needs of your business.
We can help guide you with a free initial confidential discussion +447979801237 or check our website www.holtarka.com
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