Property policies cover all risks for any fortuitous loss unless there is a specific exclusion. Often a policy will exclude "land" and "water" and occasionally there will be an exclusion for "air." (Photo: Nito/Shutterstock)
Could a lack of insurance coverage push a company into bankruptcy? Of course. The remains of the once financially powerful manufacturers, distributors and suppliers of products containing asbestos, that lacked coverage, make that very clear.
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