As they weather this year’s storm season, many businesses will experience property damage, often accompanied by business income losses. Most commercial general liability policies will provide business interruption coverage and extra expense insurance as an adjunct to property coverage. However, the complexity of a business interruption claim coupled with a pressing need for operating capital often combine to create a difficult scenario for business owners in these situations.
Cove Geary and Tyler Rench authored the article “Best Practices for Preparing a Business Interruption Claim,” featured in Risk Management Magazine highlighting some recommended industry “best practices” that can help smooth the business interruption insurance claims process and maximize recovery.