Because the hourly employees are highly skilled and critical to the plant operations, Adam's insurance group added 60 days of ordinary payroll coverage to the company's property and business interruption policy
A line-by-line look at an updated business interruption policy
, highlighting specific provisions and types of coverage that insurance companies are including in their policies this year (coverage for accident or injury that causes the disability of an owner or key employee, legal liability claims, property loss from fire, natural disaster, theft, vandalism; payment of business's ongoing expenses, compensation of owners or shareholders for lost revenues during the forced shutdown, payment of employees' salaries, loss of income for the time that an e-commerce site was down and unable to accept business, etc.
However, using stock throughput insurance in conjunction with a business interruption policy
can be a comprehensive, holistic and progressive way of addressing transit risk in today's complex global supply chain.
There are countless other cases detailing judicial rulings on the minutiae of business interruption policy
language after losses from terrorism, hurricanes and other catastrophes.
2 /PRNewswire/ -- Santos Limited advises that its insurers have agreed that losses resulting from the New Years Day incident at the Moomba Gas Plant are recoverable under the property damage and business interruption policy
That happens all the time and has a measurable impact on many businesses around the country but that's not something a business interruption policy
can respond to.
As of March 31, 1996, the Company had recorded approximately $288,000 of offsets to fixed expenses under its business interruption policy
Whether it's catastrophic coverage to repair hurricane damage or a business interruption policy
to resume operations, organizations have to deal with the financial consequences of a disaster in their recovery plans.
0 million from the Company's business interruption policy
He notes that a business interruption policy
has exclusions that may also affect the application of coverage under a specified perils policy.