Risk managers looking to fully cover their commercial property losses and get back into business quickly after a catastrophe need to look way beyond the obvious, dissecting and accounting for a variety of potential coverage gaps, loss control experts contend.

“What we found recently is that our clients are assessing business continuity planning and wondering if there are gaps in the coverage,” Allen Melton, Americas practice leader, insurance claims service, with Ernst & Young in Dallas, told National Underwriter at the annual Risk and Insurance Management Society conference in Boston late last month.

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