Why Companies Are Considering Supply Chain Disruption Insurance

Summary

在这段视频中，讨论了近期一些重大事件如何使公司意识到需要减轻供应链中断的风险。Rick Bridges和Robin Anderson分别从保险和供应链管理的角度，分析了诸如船只事故、苏伊士运河堵塞、自然灾害以及COVID-19大流行等事件对供应链的影响。他们还探讨了现有的保险政策如何覆盖这些中断，以及公司如何通过风险管理来减轻潜在的损失。此外，还讨论了“不可抗力”条款在保险政策中的定义和覆盖范围，以及如何通过合同义务来最小化第三方风险的影响。最后，两位嘉宾都认为，随着极端天气事件和COVID-19大流行的增加，公司对业务中断保险的需求和意识正在上升。

Takeaways

• 🚢 近年来，由于船舶事故、苏伊士运河事件和自然灾害等重大事件，公司开始意识到需要减轻供应链中断的风险。
• 🌪️ 自然灾害如飓风、气旋和龙卷风等增加了对供应链的影响，促使公司考虑保险以应对这些风险。
• 😷 新冠疫情（COVID-19）导致政府关闭和劳动力流失，进一步凸显了供应链中断保险的必要性。
• 📜 保险公司提供的中断保险政策通常要求有物理损害或财产损失，以触发业务中断和供应链下游效应的覆盖。
• 🏛️ 许多法院认为COVID-19的存在不足以构成物理损害，因此不触发此类保险覆盖。
• 📦 大多数货物保险只覆盖货物的物理损失或损坏，对于纯粹由于延误造成的损失通常不提供覆盖。
• 🛒 供应链中断保险通常不包括特定事件，如集装箱船阻塞苏伊士运河，这类意外事件通常不在保险覆盖范围内。
• 📝 保险公司的“不可抗力条款”通常只覆盖自然灾害事件，而像劳动争议这类非物理损失或损害事件通常不被覆盖。
• 🔍 风险管理成为关键，公司通过加强与供应商和供应商的合同义务来减轻风险。
• 📈 随着COVID-19和极端天气事件的增加，公司对业务中断保险的意识增强，需求增加。
• 🛂 保险公司可能无法提供全面的解决方案，但对风险意识的提高有助于推动供应链的可见性和管理。

Q & A

为什么公司正在考虑供应链中断保险？

公司正在考虑供应链中断保险是因为近年来发生了多起重大事件，如船舶事故、苏伊士运河阻塞、自然灾害以及COVID-19大流行等，这些都使得公司意识到需要减轻供应链中断的风险。

近年来有哪些重大事件使得公司意识到供应链中断的风险？

重大事件包括高知名度的船舶事故、苏伊士运河阻塞、自然灾害如飓风、旋风和龙卷风，以及COVID-19大流行导致的政府关闭和劳动力损失。

Robin Anderson律师在保险和恢复实践中主要关注哪些方面？

Robin Anderson律师主要关注保险和恢复实践中的法律问题，帮助客户理解现有保险政策以及可能购买的新保险产品，以应对供应链中断的风险。

Rick Bridges作为供应链和物流副总裁，他的主要职责是什么？

Rick Bridges作为供应链和物流的副总裁，他的主要职责是帮助公司管理供应链风险，提供保险解决方案，并协助客户理解保险政策，以应对供应链中断等问题。

供应链中断保险通常覆盖哪些类型的事件？

供应链中断保险通常覆盖那些导致物理损害的事件，如火灾、飓风、龙卷风等，这些事件可能会影响到上游供应商或下游客户。

COVID-19大流行对供应链中断保险需求有何影响？

COVID-19大流行导致政府关闭和劳动力损失，使得许多保单持有人开始考虑现有保险是否能够应对大流行相关的供应链中断，或者他们可以购买哪些保险产品来应对这种情况。

为什么许多法院不认为COVID-19在设施中的存在构成物理损害？

许多法院不认为COVID-19在设施中的存在构成物理损害，因为它们认为这更像是一种疾病的存在，而不是像火灾、飓风或龙卷风那样的物理损害事件。

供应链中断保险是否覆盖由于集装箱船阻塞苏伊士运河这类意外事件？

大多数货物保险只覆盖货物的物理损失或损害，因此，如果船上有易腐货物，可能会有保险覆盖由于延误导致的损失，但对于纯粹的延误本身，通常没有保险覆盖。

保险公司如何定义'天灾'这一条款？

保险公司在定义'天灾'时，通常会在保险条款中明确列出覆盖的特定事件，这些事件通常是不可预见且不可控制的自然事件，如地震、洪水等。

公司如何通过保险来减轻供应链风险？

公司可以通过购买专门的保险产品来减轻供应链风险，这些产品可能涵盖更广泛的触发因素，同时，公司也可以通过加强与供应商和第三方的合同义务来减少潜在的损失。

当前公司对业务中断保险的需求有何变化？

由于COVID-19和极端天气事件的增加，公司对业务中断保险的需求正在增加，他们正在寻求更广泛的潜在覆盖触发因素，并关注保险政策中的业务中断部分。

Outlines

00:00

🚢 供应链中断保险的重要性

本段讨论了公司考虑购买供应链中断保险的原因。Robin Anderson和Rick Bridges作为嘉宾，分别从保险和物流的角度分析了近年来导致公司意识到需要防范供应链风险的重大事件，如船只事故、苏伊士运河事件以及自然灾害。他们还讨论了COVID-19大流行对供应链的影响，以及政策持有者如何寻求保险来应对这些中断。

05:00

📜 保险政策的覆盖范围和挑战

这一段深入探讨了中断保险政策的工作原理，包括它们如何针对不同类型的中断提供保护。讨论了标准财产保险和附带的业务中断部分，以及这些政策通常要求有物理损害才能触发覆盖。还提到了COVID-19案件中法院如何处理业务中断保险的物理损害要求，以及特定事件（如堵塞苏伊士运河的货船）是否被一般供应链中断保险覆盖。

10:02

🌪️ 自然灾害条款和风险管理

本段讨论了所谓的'神的行为'条款在保险政策中的作用，以及如何定义和涵盖自然灾害。提到了政策条款中对覆盖触发因素的说明，以及非物理损失或损害事件（如劳资纠纷）通常不在第一方保险覆盖范围内。强调了风险管理的重要性，如通过强化供应商或供应商的合同义务来减轻风险。

📈 保险意识和需求的增长

最后一段探讨了公司对业务中断保险的需求，特别是COVID-19和极端天气事件后，政策持有者如何更加关注其保险覆盖的业务中断部分。讨论了保险行业是否能够提供全面的解决方案，以及如何通过技术提供商和运输委员会提供的风险缓解和供应链透明度来应对这一挑战。

Keywords

💡供应链中断保险

供应链中断保险是一种保险产品，旨在保护企业免受供应链中断带来的经济损失。在视频中，讨论了企业如何通过这种保险来减轻由于各种意外事件导致的供应链中断风险。例如，由于船舶事故、自然灾害或疫情等不可预见的事件，可能导致供应链中断，进而影响企业运营。

💡物理损害

物理损害指的是对财产造成的实际物理性损伤。在讨论保险政策时，物理损害通常作为触发某些保险条款的条件之一。例如，在视频中提到，许多标准财产保险包含的业务中断部分通常要求有物理损害发生，如上游供应商或下游客户的财产遭受损害。

💡COVID-19

COVID-19是指2019年新型冠状病毒引发的疾病，它在视频中被提及作为导致供应链中断的一个重大事件。疫情导致的政府关闭、劳动力流失等，对供应链产生了广泛影响，许多企业因此开始考虑购买或更新他们的保险策略，以应对此类大流行病相关的供应链中断。

💡苏伊士运河事件

苏伊士运河事件指的是2021年一艘大型货轮在苏伊士运河搁浅，导致运河交通中断的事件。这一事件在视频中被用作一个例子，展示了供应链中断可能如何突然发生，并给全球供应链带来重大影响。

💡自然灾害

自然灾害是指由自然现象引起的灾害，如飓风、旋风、龙卷风等。在视频中提到，自然灾害的增加也是导致供应链中断的一个因素，因为这些灾害可能会破坏基础设施，影响货物运输和供应链的正常运作。

💡政策持有人

政策持有人是指购买了保险政策的个人或企业。在视频中，政策持有人正在经历由于各种因素导致的供应链中断，并寻求保险来减轻这些风险。他们对保险的需求和意识正在增加，特别是在面对COVID-19和极端天气事件时。

💡风险管理

风险管理是指识别、评估和控制风险的过程，以减少潜在损失的可能性。在视频中，风险管理被提到作为一种策略，企业通过加强与供应商或供应商的合同义务来减轻供应链中断的风险。

💡业务中断

业务中断是指由于意外事件导致的企业运营暂停或减缓。在视频中，业务中断是供应链中断保险的主要关注点，企业通过购买这种保险来保护自身免受由于供应链中断导致的财务损失。

💡保险条款

保险条款是保险合同中定义保险覆盖范围、责任和除外责任等的法律文本。在视频中，讨论了保险条款如何规定保险覆盖的具体条件，例如是否需要物理损害来触发业务中断保险的覆盖。

💡风险意识

风险意识是指对潜在风险的认识和理解。在视频中，由于COVID-19和极端天气事件，企业对业务中断保险的需求和意识有所提高。企业正在寻求更广泛的保险覆盖，以应对新的和不断变化的风险。

Highlights

近年来，一些重大事件使公司意识到需要减轻供应链中断的风险。

高知名度的船舶事故，如火灾或恶劣天气事件，导致数千个集装箱丢失或起火。

苏伊士运河事件成为供应链中断的标志性事件。

自然灾害如飓风、气旋和龙卷风增加了对供应链的影响。

COVID-19大流行、政府关闭措施和劳动力流失对供应链产生连锁反应。

许多保险公司正在评估现有的保险产品是否能够应对大流行相关的供应链中断。

供应链中断保险通常要求物理事件，如对上游供应商或下游客户的财产造成物理损害。

许多法院认为COVID-19的存在不足以构成触发商业中断保险的物理损害。

大多数货物保险只覆盖货物的物理损失或损害。

苏伊士运河阻塞事件并非由一般供应链中断保险覆盖。

保险公司和再保险公司无法为所有延迟赔偿，否则可能会破产。

“天灾”条款通常涉及自然事件，但定义和覆盖范围因保险政策而异。

证明物理组成部分是许多索赔中的最大问题，尤其是那些与实际财产损害更间接相关的延误中断。

风险管理是关键，通过强化供应商或供应商的合同义务来减轻风险。

公司对业务中断保险的需求增加，特别是考虑到COVID-19和极端天气事件。

保险公司可能因风险增加而撤回某些保险产品或提高成本。

技术提供商和运输委员会提供供应链可见性变得更加重要。

托运人正在重新评估其供应链，从仅关注价格转向更全面的评估系统。

Transcripts

[Music]

why are companies considering supply

chain disruption insurance my guest

today are robin anderson an attorney in

the insurance and recovery practice of

lathrop gpm hi robin

hi there

and rick bridges vice president and

account executive for supply chain and

logistics with lockton companies hi rick

hi robert let me start with you rick i'm

just asking you to set the scene for me

if you will about like what are the big

events of the last several years that

have made companies aware

of the need to mitigate against the

supply against the risk of supply chain

disruption

so we've had a few things robert going

back a couple years we've had some very

high profile

vessel casualties

steamship lines that have had vessels

involved in either fires or heavy

weather incidents where um thousands of

containers have either gone overboard or

caught fire

and following those events uh the delay

uh of all of the unaffected containers

on board those vessels just stuck in a

port of refuge

we've obviously had the uh the suez

canal incident as a as a headline

incident

really putting supply chain disruption

on the map

uh no pun intended

and then you know i think we've been

fairly lucky here in the us but

increase in natural disasters whether

it's hurricanes cyclones um the

tornadoes that we've seen all of those

events trickle down to the supply chain

as well robin what have you seen in yuri

or what are your policyholders

experiencing now that's making them wake

up to the need for some aspect of

disruption insurance

i would reiterate all the things that

richard just mentioned but then also the

elephant in the rim covered 19 the

pandemic the government shutdowns the

loss of

labor force um

and all the ripple implications that

come with it have left many

policyholders wondering where can what

insurance do i already have that might

respond to this or what could i purchase

that would be

well suited for a pandemic related

supply chain disruption

um we still have half empty shelves you

know

repairs and um inventory that just are

not being handled as swiftly as they

could have been before the pandemic

robert let me ask you this just how

these uh disruption insurance policies

work do they protect just against

disruptions generally or do you have to

lay out every potential possible

disruption in order for it to be covered

by the policy

well um it starts by asking what is

what is the cause of the disruption and

then that will dictate which policy

you're going to be looking at a lot of

my policyholders that i work with

are using their standard issue property

policy with a contingent business

interruption component

and that generally is going to require a

physical

event a physical damage to property

either to an upstream supplier

or to a downstream customer

policy wording can vary but the trick

there is typically to have a physical

damage to property or physical loss of

property

um it's interesting going back to coven

19 so many courts have been called upon

to say

does the presence of cobit 19 at a

facility in the air is that sufficient

to constitute physical damage to trigger

this type of coverage for the business

interruption and downstream supply chain

effects that result

um many courts have said no we're not

going to buy that argument it's not

physical damage we're that's more along

the lines of the

fires the um hurricanes tornadoes those

types of events occurring

not coven 19 being present

um there are some courts that say well

we'll at least buy it and let it go to a

jury

um and so some of the litigation and

fallout from that continues but

typically many policyholders are sitting

on policies that do require some sort of

physical element to the claim

and then

others may have specialized products

that respond

to other triggers but by and large the

policy holders i see and work with are

dealing with that physical component

rick from a supply chain perspective i

suspect that nobody had a policy a

couple of years ago that protected

specifically against a container ship

blocking the suez canal that's exactly

the kind of example of some something

that comes out of nowhere would that be

covered by a general supply chain

disruption insurance policy or would you

just throw up your hands and say sorry

you didn't mention that in the policy so

you're not protected yeah good question

and as robin alluded to

most cargo policies are going to cover

physical loss or damage to the cargo

only so obviously if you had perishables

on board that vessel

there would likely be coverage covering

the loss

caused by the delay in that case

through ripening or spoilage something

to that effect but the pure delay

component really um in its largest

extent would not be covered there would

certainly be some ancillary coverages

that might respond expediting costs and

things like that but as a whole

unfortunately there really is no

coverage for that type of event indeed

everybody's delayed now not just because

container ships are blocking canals but

because just everything so congested

if you were to pay off on all those

things i think you guys would go broke

pretty quickly as insurance and

reinsurance people

um

okay so

robin tell me a little bit about the

so-called acts of god provision that is

in so many of these insurance policies

how does one go about defining that and

what does that cover

just in general

um

you're talking about your um

natural events well that's what i'm

asking you is that would it have to be

like a natural event i mean there's two

ways to go about it i mean a lot of

policy some policies will ensure all

perils unless they're specifically

excluded

and then some will only cover and are

triggered by covered perils that go back

to your original question of yeah you've

got to foresee what it's going to be and

specifically identify it by name

um

but but in my and from my view the

biggest

picture the biggest problem is the fit

is proving

a physical component and so many of

these claims

are

delay disruptions that are

um consequential

and more remote from the actual

physical um

damage to property

i see i see

well

okay maybe rick you could address as

well because the whole idea of an event

that is beyond the control of the

insurer

and therefore they're claiming in their

policy for compensation take for example

they might claim that a labor dispute

that shut down a factory in asia was

beyond their control the insurance

company might say it was very much

within the control of the factory

whether or not there was going to be a

labor dispute so what about that kind of

thing does that happen in other big

disputes over things like that when a

so-called acts of god or whatever you

want to call it

so events like that um again i think

really

um it's in the the policy terms and

conditions um where the

uh the coverage triggers are spilled out

spelled out and um

those type of events unfortunately are

not going to be covered in large part

so the non-physical loss or damage

events to cargo

more the contractual issues

in large part

not covered

on a first party insurance basis but

um you know one of the things that we're

doing more is it's really talking about

the risk management component how do you

deflect that away from the uh the party

that's reliant on that third party so is

it through the contractual obligations

of the supplier

or any of the vendors

in which perhaps you can minimize the

exposure

you know certainly it's not going to

make it go away but it can certainly

lessen the blow to a little smaller

degree if you can strengthen those

contractual obligations

so robin what is the awareness among

companies today of the need for any kind

of business

disruption insurance the kind that your

policyholders hold is it becoming more

popular are they coming to you for more

protection

yes i think not only with covid but also

with

an increase in extreme weather events um

policies are policyholders are paying

attention more to the business

interruption component of their coverage

and asking for

you know um

underwriting and uh

and risk assessment that would cover

a broader and more novel spectrum of

potential coverage triggers and at the

same time i think there's probably a

sense or a fear that insurers are going

to respond to all this by saying by by

retreating and saying we don't want to

write that risk or it's going to be cost

prohibitive to do it

um so

i think it's an interesting time and

that we need to have about a year or so

to see the fallout and and what comes of

it um kovid19 has brought

policymaker um attention to whether

there are these gaps that um that need

to be filled in the insurance industry

as a whole

rick what do you think in terms of your

policyholders in the world in which you

you work uh is there more of a demand

for these products and do you find

yourself with your with your clients

much more aware of the need for risk

mitigation through insurance yes i mean

a good question i mean it's definitely

much more demand whether we can provide

a solution or not right now

um

unfortunately i think in in large part

we we cannot provide a wholesale

solution but um the awareness has

certainly helped and i think it's given

um

whether it's transportation council

or technology providers that are

providing visibility into uh supply

chain

and transit

times things like that

all of that has become much more

important and i think it's a bit of a

reset

for shippers those that are dependent on

their supply chains to take stock in

that

and move away from kind of a price only

metric uh to

the system

in trying to deliver their goods

well certainly no surprise that

companies are

paying much more attention these days to

the need to mitigate risk through the

use of disruption insurance and

specifically supply chain disruption

insurance i want to thank both of you

for joining me today rick bridges of

lockedon companies robin anderson of

lathrop gpm thanks very much for being

with me

thank you for having me

you