Firms Still Clueless About BI Exposure Threats
Despite 9/11 example, most buyers ignore potential for shutdown, lawyer says
Businesses across the country have not taken some of the lessons of Sept. 11, 2001 to heart, an attorney involved in several 9/11-related business interruption disputes contends.
"Have firms changed their BI coverage since 9/11? They should have, and they should be talking to people who know how to read policies and know what the courts are going to do, and look at the implications of their BI coverage in view of 9/11," according to Mark Bunim, a partner and member of the insurance and risk management practice at the law firm of Bryan Cave LLP in New York.
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