We’ll leave it to readers to do their own “back of the envelope” calculations of the recovery. Our point here is that, even if income losses could be so neatly assigned to different perils, there are still important determinations that would have to be made:
Readers can certainly imagine other complicating factors. Sargent, of Tennant Risk Services, observes that, “because of the complexity of some cyber events, there could be partial coverage under even more policies, so coverage questions may not be purely binary” (one policy or the other).
The potential complexity of simultaneous income claims doesn’t end with property, equipment breakdown and cyber coverages, although we focused on these because they address core operations in a growing number of enterprises.