Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Most large companies insure against business interruption. The savvier ones, particularly those with sprawling global supply chains, also have contingency business interruption riders to protect against events that impact the plants of their suppliers or customers. In March, when one of the largest earthquakes in history struck Japan, followed by a 60-foot tidal wave that crippled a nuclear generating plant, many probably thought they were covered. Not so fast. Because a nuclear facility was involved, companies whose Japanese suppliers had problems may have a tough time getting compensated. In most countries, including the U.S., insurers exclude nuclear events from coverage.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.