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Started By
Message
re: Business Interruption Insurance
Posted on 8/10/20 at 9:03 pm to Boh
Posted on 8/10/20 at 9:03 pm to Boh
quote:
I gotta think there’s a policy in place for things like hurricanes.
If some lawyer for LSU slipped in some coverage for a pandemic then said lawyer deserves a hefty pay raise
How would a lawyer " slip in " coverage for this or any other type of coverage. The insurance broker knows what is in the policy, the types of losses insured against and the applicable exclusions.
There may be legal issue surrounding the meanings of the policy terms and ambiguous terms are generally resolved in favor of the insured party. If such applies should the season be interrupted or cancelled then possibly a skilled attorney might prevail on behalf of the university.
1
Posted on 8/10/20 at 9:57 pm to tigersbb
Right i guess “slipped in” isn’t the proper way to put it. But it would be amazing for LSU and other schools if they were able to include this type of once in 100 year non-weather event in the coverage when discussing with broker
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