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Commercial Exposure to Sandy Appears Spread Out Among Insurers

For commercial multi-peril risks in Sandy's path, It looks as if no one company is particularly exposed much more than its competition.

By Chad Hemenway | Updated on November 07, 2012

As catastrophe modelers begin assessing damages from Superstorm Sandy, business-interruption claims could make up a good portion of overall expected insured losses from the unique storm—just as business interruption losses made up a sizable portion of insured losses after the Japan earthquake and tsunami, and flooding in Thailand in 2011.

Business interruption can be added to a property insurance policy or included in a package policy. Coverage compensates a business owner for lost income if the company cannot operate due to disaster-related damage that is covered under your property insurance policy.

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