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Article: After Disaster Strikes: Strategies for Maximizing Recovery Under Business Interruption Coverage.
- Article from:
- Mondaq Business Briefing
- Article date:
- December 15, 2005
CopyrightCOPYRIGHT 2005 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The devastation wrought by the hurricanes Katrina, Rita and Wilma serves as a harsh reminder of how nature can disrupt lives and businesses. Businesses suffer not only the loss of property, but the interruption of their operations, sometimes long after the debris has been swept away. This article discusses how business interruption insurance can assist businesses struck by disaster, and also provides tips for pursuing claims under such coverage.
Overview of Business Interruption Coverage
Business interruption insurance is an important component of corporate insurance coverage portfolios. Commercial property insurance policies often contain some form ...