With the 2012 hurricane season at its peak months (goodbye Isaac), business owners should examine their commercial property insurance policies to ensure they include business interruption insurance. Basically, business interruption coverage is designed to replace lost income resulting from property damage. As in all matters involving insurance, the scope of any such coverage depends upon the precise policy language employed and particular state law. Here are some points to consider: Triggering coverage: Has your company sustained physical loss or damage to property? The availability of insurance coverage for a given loss often turns upon the ability of a skilled...
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