Business interruption can be a hot button topic among business owners and carriers alike. The purpose of business interruption insurance is to protect business owners for the loss that occurs for not being able to use a specified location.1 Questions often arise on how to compute the loss of revenue when a business’s operations fully close due to a covered loss. However, what can a business do to better protect itself if its operations are only partially interrupted?
Continue Reading Partial Business Shutdown: An Age-Old Lesson in Carefully Reading the Policy

I am certain some insurance Texas adjusters are going to be surprised to learn that Texas case law has held that when a partial loss happens, depreciation SHOULD NOT be deducted from the loss. I mention this due to the hundreds of loss statements prepared by insurance company representatives where depreciation is routinely deducted.

Continue Reading Do Not Take Depreciation to Determine Actual Cash Value of Partial Loss to Real Real Property in Texas