Back to the Library
Hurricane Ike has wreaked havoc, caused significant business interruption and has been estimated to have caused over $25 billion in insurable losses, according to one of the world's largest insurance brokers. The good news for business owners is that the insurance protections should help the rebuilding effort. A key part of most business-property insurance is business-interruption coverage. Business-interruption coverage covers the loss of business income and at least some of the extra expenses associated with restoring business operations after a loss or damage to covered property from a covered cause of loss.
Attached is a link to a checklist to use in the preparation of claims for business-interruption losses. The terms of business-interruption policies may vary greatly. As with any insurance claim, the first step is to review the policy, or the likely applicable policy language if the policy itself is not available.