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Expert Analysis

Can Record-Keeping Save Your Business Interruption Claim?

Law360, New York (June 17, 2015, 10:24 AM EDT) -- Decisions made by a company in the days and weeks following an unforeseen event — think flood, fire or equipment breakdown — bear directly on the success of a claim for business interruption losses. Business interruption insurance, also known as business income insurance, is usually included as part of a first party (i.e., nonliability) commercial property insurance policy. It's essential for any hospitality business, for which business income is directly related to the functioning and appearance of the business's structures....

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