Standards for Establishing Business Interruption Economic Damages Claims for Litigation
- Published on Tuesday, 04 December 2012 18:16
- Written by Mike McClain, Web Editor
The author explains some of the important nuances of establishing business interruption economic damages for an insurance claim or for litigation.
When an unfortunate occurrence such as the recent Hurricane Sandy causes damages that result in a disruption to a business, some of the loss – usually around 80% - may be covered by Business Interruption insurance. (Coverage for a higher percentage of the loss is available, but is prohibitively expensive.)