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Expert Analysis

Stop And Read Your Slowdown Insurance Policy

Law360, New York (April 16, 2014, 4:45 PM EDT) -- What happens when a hotel suffers property damage, whether by natural disaster or man-made accident, and is forced to close some or all of its rooms, amenities or services? It is important to understand how insurance can protect you from the resulting financial loss. In addition to potential recovery for property damage from your property/casualty policy, you may be able to recover lost revenue from your business interruption coverage. If your operations are disrupted, whether completely or partially, the language of your policy will determine if — and for how long — your insurance company will cover such a loss....

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