Willis launches business interruption cover for businesses affected by nuclear exclusion zones

Willis Group Holdings plc has developed an insurance product to cover business interruption costs for companies affected by a nuclear exclusion zone.
Willis Global Markets International developed the cover for businesses with key locations, suppliers or customers situated in the vicinity of a nuclear power station.
The coverage would apply if a business is forced to suspend operations in the event that a plant’s safety is compromised and an exclusion zone is implemented to contain the damage.
The product is designed to respond not only when a nuclear exclusion zone is imposed following an earthquake or other natural catastrophe, but also when the exclusion zone is the result of other events or failures at a nuclear plant, a Willis release says.