Top Considerations for Navigating Business Interruption Claims

Understand Key Coverages: Commercial property policies typically cover loss or damage to property, business interruption, contingent business interruption, service interruption, ingress/egress, and preservation and protection of property.

Identify Other Key Provisions: Be aware of covered/excluded items, loss of income, extra expenses, mitigation of damages, period of restoration/extended period of indemnity, professional fees, triggering event, and waiting period.

Assess Revenue Losses: Generally, it is the income (revenue less expenses) that would have been earned if not for an