No as in you are refusing to file a business interruption loss claim? Why wouldn’t you?

Or no as in you work for the insurance industry and think this does not apply to business interruption claims like the wind water exclusion insurance debacle of Katrina?

I am sure the businesses will argue these are contingent business loss claims. That’s why businesses like bars buy this insurance and why insurance companies have been collecting premiums on these policies for many years.

This post was edited on 3/18/20 at 7:29 am

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Posted by SlowFlowPro

Simple Solutions to Complex Probs

Member since Jan 2004

425823 posts

Posted on 3/18/20 at 7:30 am to go ta hell ole miss

i think this will constitute a force majeure event and nobody gonna get paid

insurance is going to say if they have to pay out these claims they'll all go under

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Posted by DukeSilver

Member since Jan 2014

2730 posts

Posted on 3/18/20 at 10:21 am to go ta hell ole miss

quote:
No as in you are refusing to file a business interruption loss claim? Why wouldn’t you?

Or no as in you work for the insurance industry and think this does not apply to business interruption claims like the wind water exclusion insurance debacle of Katrina?

I am sure the businesses will argue these are contingent business loss claims. That’s why businesses like bars buy this insurance and why insurance companies have been collecting premiums on these policies for many years.

The vast majority of polices will not cover business interruption due to a contagion.

Are there SOME that will? I'm sure. But most people will not have a policy that does.

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