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.
With that in mind, PC360 took a look at the top writers of the commercial multi-peril in the states most-affected by Sandy—New Jersey, New York, Pennsylvania and Maryland.
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