Business Continuity and Disaster Recovery (BCDR) Planning Insurance

Business Continuity and Disaster Recovery (BCDR) Planning insurance is a type of insurance that helps businesses prepare for and recover from unexpected disruptions or disasters that could impact their operations.

Coverage Scope

Property Insurance: This type of insurance covers physical damage to a business's property, including buildings, equipment, and inventory, caused by disasters such as fires, floods, earthquakes, or storms.

Business Interruption Insurance: Business interruption insurance, often included as part of a property insurance policy or offered separately, provides coverage for lost income and operating expenses during the period when a business is unable to operate due to a covered event.

Cybersecurity Insurance: In the digital age, cyberattacks and data breaches can disrupt operations. Cybersecurity insurance helps cover costs related to data breaches, business interruption, and reputational damage.

Supply Chain Insurance: This coverage is designed to protect against disruptions in the supply chain caused by events like natural disasters, transportation issues, or supplier failures.

Contingent Business Interruption Insurance: It extends business interruption coverage to include losses resulting from disruptions to a key supplier or customer's operations.


Risk Mitigation: BCDR planning and insurance help businesses minimize the financial impact of disruptions, protecting against revenue losses, recovery costs, and reputational damage.

Operational Resilience: Well-executed BCDR plans enable businesses to resume operations quickly, reducing downtime and minimizing the negative effects of disruptions.

Regulatory Compliance: In some industries, compliance with BCDR and cybersecurity requirements is mandated by regulatory bodies, making insurance coverage and planning essential.

Customer and Stakeholder Confidence: Demonstrating preparedness and resilience through BCDR planning and insurance can enhance customer trust and investor confidence.

Koru Korner

Related Articles

No items found.

ILS: Transforming from Competitor to Strategic Partner, Elevating the Reinsurance Sector to New Heights

Artemis Update: AM Best has upgraded its outlook on the global reinsurance sector from stable to positive for the first time in over a decade, highlighting robust profit margins and improved underwriting conditions. The rating agency now views insurance-linked securities (ILS) as strategic partners rather than competitors, emphasizing their role in supporting traditional reinsurers. Despite a deceleration in reinsurance pricing, AM Best notes that underwriting discipline and healthy profit margins are expected to be maintained.


May to Break Another Cat Bond Record: Biggest Month of Issuance Ever

Exciting news in the world of finance and risk management! May is set to break records as the biggest month of catastrophe bond issuance ever. According to a recent article from Artemis, the market is experiencing unprecedented growth, highlighting the increasing demand for innovative risk transfer solutions.


2023 Habitational State of the Market – Casualty

The habitational insurance market is facing a multitude of hurdles when it comes to casualty placements. Casualty markets in the habitational space have been adjusting prices due to increased loss activity and the continued impact of social inflation. Within this landscape, property owners, insurance companies, and brokers are confronted with a new reality. There are few markets offering General Liability (GL) coverage. It’s also difficult to find markets willing to participate in the lead $5M of excess coverage, making the marketplace even more challenging. To succeed in this demanding market, one must strike a careful balance between innovation, robust risk assessment, and adaptability.

Ready to partner with Koru?

Request a Risk Assessment today!