Prepare for Overlapping and Contrasting Business Interruption (BI) Provisions under Property, Equipment Breakdown and Cyber Policies
Author Joseph S. Harrington, CPCU, ARP discusses how agents, brokers, adjusters, and policyholders will need to be ready for overlaps and contrasts in coverages relating to business interruption, specifically when it comes to property insurance, equipment breakdown, and cyber policies.
Mr. Harrington answers the question, “What happens when an entity disrupted by a cyber attack simultaneously suffers a physical loss to property and a resulting loss of income?” Unfortunately in modern times, this is not a rare occurrence.
Read the latest edition of Adjusting Today by clicking here to find out how to best protect your business from property and income loss and to understand the intricacies involved in these new coverages.
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