Hunton Insurance Recovery Blog

Insurance can mitigate cross-border risks arising out of geo-political and government-related disruptions (such as war, corruption or expropriation), social unrest and cyber vulnerabilities. Different insurance products respond to these risks in different ways. For example, contingent business interruption coverage responds to mitigate lost profits resulting from an interruption of business caused by physical damage to a supplier’s property, while cyber insurance protects against the costs of digital threats, such as ransomware attacks, phishing or hacking. In a recent Supply & Demand Chain Executive article, counsel Jorge R. Aviles and associate Jae Lynn Huckaba analyze how the industry can utilize these different insurance products in unison and build a comprehensive insurance portfolio to maximize coverage and minimize losses from the most common cross-border risks.