Ingress/Egress Coverage

Many businesses in the Northeast have had their business interruption claims denied because they did not have flood insurance. Flood damage is typically excluded from most commercial property policies, but businesses sustained many other types of losses that should be covered under most commercial policies despite the flood damage and lack of flood insurance.

Continue Reading How to Recover Business Income Losses Related to Hurricane Sandy Even If Your Business Did Not Have Flood Insurance?

Many New York business owners have been denied insurance recovery based on causation issues (i.e., property damages and business income losses were caused by flood which is excluded under most policies). However, many insurance policies provide a measure of coverage and recovery through Civil Authority and Ingress/Egress provisions, which are not triggered by damages at the insured premises. Given the mandatory evacuation orders issued by the governors of New York, Delaware, New Jersey and Connecticut, insurance companies should evaluate potential coverage for business income losses under these additional coverage provisions.

Continue Reading Maximize Your Insurance Recovery for Business Income Losses Related to Hurricane Sandy

Catastrophes by definition cannot be felt in the imagination – they are only experienced as embodied in the sensation of the unimaginable. There is no doubt that the destruction caused by Hurricane Sandy was unimaginable. Life along the coast line of New York and New Jersey will never be the same, but as people and businesses adjust to the “new” normal, many are considering how their insurance policies will respond.

Continue Reading Possible “Triggers” for Business Interruption Coverage For Professional Service Companies In New York and New Jersey Affected by Hurricane Sandy

Hurricane Irene caused significant infrastructure damage. Here is a picture of the damage caused to a road in Puerto Rico. There are still many roads that are unserviceable as thousands of people and businesses grow increasingly anxious to resume normal business activities.

Continue Reading Ingress/Egress Coverage Will Play An Important Role in the Aftermath of Hurricane Irene – Understanding Business Interruption Claims, Part 88

Catastrophic losses impact unimaginable aspects of a business operation that go beyond the loss of net profits. For example, access to an insured property may sometimes be impaired after a loss, and the resulting loss can be covered under Ingress/Egress coverage.

Continue Reading The Value of Ingress/Egress Coverage – Understanding Business Interruption Claims, Part 33