Business Interruption Period
The Length of the Road Back from Disaster
Four Rules for Measuring the Business Interruption Period
How long does a business suffer the consequences after a disaster strikes and how long should the insurer pay a business income loss?
There are four major, distinct rules that should be followed. The case law is remarkably consistent in applying these rules.
"When one reads the seminal cases addressing a “theoretical” BI period, one finds that the theoretical approach is adopted only in such circumstances when there is no actual repair period available to otherwise define the BI period."