Business interruption and contingent business interruption claims loom as a large issue following 'Superstorm' Sandy, as thousands of businesses of all sizes deal with flooding, physical damage, power outages, government orders and supply chain disruptions.
Finley T. Harckham, shareholder in the Insurance Recovery Group at law firm Anderson Kill & Olick, says he expects “huge battles” between business policyholders and insurers over whether interruption losses are covered.
“It all depends on the policy and triggers,” he tells PC360. “Much of the coverage is tied to physical damage—damage covered under your policy.”
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
