Today’s unpredictable business environment poses risks that could disrupt operations. Property insurance does not cover earnings losses caused by downtimes and expenses used to resolve them. For ...
Discover what a period of indemnity is in insurance, how it impacts business interruption claims, and examples of extended indemnity coverage in policies.
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When a disaster forces a business to close its doors, the lost income can quickly put the company’s finances in the red. Without a steady income, a temporary closure could become permanent. Business ...
"I think it's a win for whichever party wants to be in federal court," Jay Lavroff, a lawyer at Lindabury, McCormick, Estrabrook & Cooper in Westfield, New Jersey, said. "In COVID ...
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Why business interruption insurance can save your company
Most business owners prepare for the visible risks like insuring the building, equipment, and even insure against lawsuits.
Forbes contributors publish independent expert analyses and insights. I write about commercial real estate negotiations, deals and legal issues. Businesses large and small, including particularly ...
The N.B.A.’s Houston Rockets and restaurants like Chez Panisse are among those suing their insurers for refusing to pay “business interruption” claims during the coronavirus outbreak. By Mary Williams ...
This article discusses A.B. 10342, a newly passed bill by Governor Kathy Hochul "which amended New York State insurance law to authorize, for the first time, stand-alone business interruption ...
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