As supply chains grow longer and the risks increase, some companies are finding available insurance solutions wanting. According to a recent survey, 61% of executives at big companies have experienced a supply chain interruption in the last five years that led to a loss, but only 30% had recovered losses or extra expenses from their insurers. More than half (52%) of the executives say they have never recovered on a claim related to a supply chain or operational loss.

The survey of 67 executives, most of them risk managers, was conducted by Dempsey Partners, a forensic accounting, claims management and risk consulting company in New York City.

John Dempsey, the firm's managing partner, says companies' limited recovery reflects “a combination of some losses simply not being covered and then also the application of deductibles, retentions and things.”

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Susan Kelly

Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.