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Time Element Coverages In Business Interruption Insurance

K. Clark Schirle

Of Counsel | First-Party Coverage, Third-Party Coverage, Extra-Contractual, Casualty Defense Litigation, Product Recall, Construction, Product Liability
(IL) 312-462-9142 / (TX) 469-621-0689
cschirle@butler.legal

Overview | Publications/ Whitepapers | First-Party Coverage | K. Clark Schirle | Related | Print | Share

September 2, 2015

Generally, business interruption insurance is designed to compensate an insured for its actual business interruption losses resulting directly from physical damage by a peril insured against to the insured’s covered property. Business interruption insurance is tied directly to a first-party property policy’s coverage for physical damage to the insured’s property. It is not standalone coverage and its purpose is not to compensate the insured for any and all negative effects on its business that may result from a covered peril.

Read the entire article using the link under Key Points.

Time Element Coverages In Business Interruption Insurance