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A woman sets fire to her business when she's behind in rent payments.
Coverage for additional living expenses, civil authority, and business income all come into play after a disaster.
Sometimes the repair of damages from a hurricane can lead to unexpected mitigation, such as in the case when replacement of flooring required asbestos abatement.
When a maintenance item is left unattended it can lead to further damage, such as when a tree is allowed to continue growing out of a downspout.
Discusses a NJ law requiring insurers to provide applicants and policyholders seeking commercial property coverage with a one-page mandated summary addressing loss of use and occupancy of a commercial property and business interruption.
A court has refused to dismiss a COVID-19 business interruption insurance coverage lawsuit stating that the plaintiffs had alleged evidence of physical loss or damage, which is covered under the policy.
Michael Miguel, Principal at McKool Smith and Micah E. Skidmore, partner in Haynes Boone's Insurance Recovery Practice Group, comment on the recent case of first impression filed by the producer of The Morning Show against its insurer, Chubb.
Recording of July 28 webinar Condominiums- Insurance: Your Questions Answered.
Updated daily, provides an overview of the ISO optional endorsements providing business interruption coverage for COVID-19 disruptions and constant updates from insurance departments as they issue bulletins.
Water presents one of the more confusing issues in coverage. The difference between backup, overflow, and discharge is important for determining coverage but these are not defined policy terms. Likewise, whether the water comes from drains or sewers on or off premises makes a difference as well. This article reviews this issue and homeowners and commercial property endorsements that provide coverage.