Business Interruption Coverage Times Three

Adjusting Today Basis for Institutes CE Courses

The Institutes, the leader in providing knowledge solutions for risk management and the property/casualty insurance industry, offers continuing education courses based on technical information compiled from issues of Adjusting Today . The courses — “Valuing a Property Insurance Claim” and “Natural Disasters: Coverage Issues”— include seven modules each and are approved for credit by insurance departments in most states. They are offered to property insurance producers, adjusters or both, depending on the state, for up to three continuing education credit hours per course. More information is available at


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Ronald A. Cuccaro, SPPA


Sheila E. Salvatore

AT17 3048

Mr. Harrington is an independent insurance writer and communications specialist. He served for over 20 years as communications director for the American Association of Insurance Services (AAIS). His work has been published in Best’s Review, Rough Notes, publications of The Institutes, and elsewhere.

Joseph S. Harrington, CPCU, ARP


In 2014, ISO introduced business income forms and rating for mobile equipment and commercial auto insurance, establishing on a standardized basis a fourth set of income limits, deductibles and restoration periods for exposures found in a wide array of accounts. ISO and AAIS also provide for income coverages for inland marine coverages.

When it comes to business interruption claims, insureds and insurers alike will face an ever more complex new world. It is important to be aware of these complexities and their impact on both sides of the insurance equation. Policy drafters must be aware as well, so the intent and application of income coverage is as clear as possible for those who provide and those who depend on this vital form of insurance protection.

The author thanks Arthur L. Flitner, CPCU, ARM, AIC, AU, senior director of knowledge resources at The Institutes, for his review and comments as this article was prepared.

When it comes to business interruption claims, insureds and insurers alike will face an ever more complex new world.