Contingent Business Interruption (CBI) Insurance protects financial institutions, lenders, insurers, investment firms, and other financial organizations against financial losses arising from disruptions affecting critical third parties, service providers, infrastructure partners, or operational dependencies that support financial operations.

Coverage is designed to support financial stability and operational continuity when external events interrupt essential services, technology systems, or business relationships relied upon by financial organizations.

Coverage typically responds to losses involving operational shutdowns, technology provider outages, utility interruption, cyber incidents, supply chain disruption, property damage events, or other covered incidents affecting third-party vendors, payment systems, data centers, exchanges, custodians, or outsourced service providers.

Coverage may also include protection for loss of income, extra expense costs, operational downtime, contingent technology interruption, transaction delays, and disruption affecting trading platforms, processing systems, and financial service operations.

For multinational organizations, coverage is often coordinated through a Controlled Master Program (CMP), such as the WMB Global Risks Global Master Program, with locally admitted policies where required to support coordinated cyber response, regulatory compliance, and centralized claims management across jurisdictions.

Contingent Business Interruption Insurance is designed to help financial organizations manage interconnected operational risks, reduce financial disruption, and maintain continuity across complex domestic and global financial operations.

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