Gas stop is not insurable for companies

gas hob

In Europe, there could be a distribution battle over gas in winter.

(Photo: IMAGO/Jochen Eckel)

Frankfurt If their production is temporarily stopped because of gas rationing, companies cannot claim losses against their business interruption insurance. The insurers and the rating agency Fitch point this out in current comments. The insurance company only has to pay if the interrupted supply causes property damage, for example to machines.

Business interruption insurance typically protects companies when physical damage has occurred to business premises or production facilities. The insurer then assumes, among other things, the costs for the lost profit and for measures to get the business going again. According to the Fitch analysis, damage that occurs because the raw materials or energy required for the business are not supplied is not insured.

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