Business Interruption Following a Disaster
September 25, 2017
The recent weather disasters will without doubt interrupt the operations of many businesses, causing these businesses to turn to their insurance carriers with business income (business interruption) insurance claims. Business interruption is the older term for such coverage; business income is the term in current practice. A business income loss, while triggered by physical damage to the property, provides coverage for interruption to the business. Interruptions include loss of rental receipts for property rentals, loss of customers that reduces daily receipts, loss of payroll if employees cannot perform their jobs, and similar losses.
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