A builder’s risk insurance policy is meant to protect property and materials during a construction or renovation project and covers property on construction sites when it’s damaged or destroyed by fire, vandalism or other unexpected events. Typically, coverage ends when …
Whether the damage to a gasoline station’s gas pumps results from car accidents, fires, lightning strikes, vandalism, or even floods, there are many distinct aspects to consider when reviewing and analyzing related business income losses (or evaluating equipment replacement costs). …
The Iowa Supreme Court on Friday ruled in two separate decisions that COVID-19 did not cause a physical loss or damage that would allow a private golf club or a restaurant and bar to recoup income lost during COVID-19 shutdown …
Are you tired of talking about COVID? I am. Are you as tired of the COVID business income coverage debates? I am. Because I’m so worn out, this article focuses on ONE, ok two, key policy provisions every attorney and …
It is typical for business income insurance, the modern version of business interruption coverage, to provide for two components of actual loss of business, namely (1) net profit or loss before income taxes that would have been earned or incurred …
As cleanup continues in the aftermath of the recent earthquake and subsequent tsunami that devastated parts of Japan, the adverse effect on the bottom line of businesses worldwide continues to be of great concern. According to a recent study conducted …