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Article: The Connection Between Physical Damage and Business Interruption Coverage[dagger]
- Article from:
- FDCC Quarterly
- Article date:
- July 1, 2004
- Author:
CopyrightCopyright Federation of Defense & Corporate Counsel, Inc. Summer 2004. Provided by ProQuest LLC. (Hide copyright information)
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I.
INTRODUCTION
Hurricanes, earthquakes, and floods. Urban riots and other civil disturbances. Terrorist threats and terrorist activity. Such events may require limited access to business or may require businesses to close altogether - either independently or by order of civil authority. Insureds facing loss from such events may seek coverage under business interruption insurance policies or under the "Civil Authority" provisions generally found in such policies. Those provisions typically cover losses resulting from prohibited access to covered property due to other property damage. Insureds, however, have become more assertive in presenting access claims arising out of events much ...