![]() ![]() ![]() The most financially stable business can be crippled by the loss of having to shut down operations for a short or extended period of time. What is Business Interruption Insurance, and why should counsel for businesses consider and/or monitor their client’s insurance? You may want to consider giving guidance to your client concerning Business Interruption Insurance. As in-house counsel or outside counsel for any business, imagine yourself facing a company shut down due to a crisis or disaster. A company shutdown can also result from theft or governmental executive orders. Annually, crises cost an estimated billion dollars in the United States due to weather and climate disasters, e.g., wildfires, drought, tornadoes, hail storms, and hurricanes. ![]() Counsel for Businesses Should Provide Guidance on Business Interruption InsuranceĬrises come in many forms. ![]()
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