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Home Search results for "Business Interruption"
Business Interruption Insurance

Why is important to have Business Interruption Insurance?

By Terra | Blog Posts | 0 comment | 9 August, 2021 |

Business Interruption insurance is a type of coverage that a business owner turns to when they are forced to close their business for a period.   The reasons behind this “non-voluntary” closure could be internal or external factors that make owners lose their ability to generate sales and income.  Internals:  such as a gas leak, a fallen tree, a broken water pipe, etc. Scenarios that force a company to stop businessRead more

Business interruption claims analysis

What is happening with ‘Business Interruption’ Claims

By Terra | Industry News | 0 comment | 14 July, 2021 |

The case of a series of consolidated lawsuit against 10 insurers for ‘business interruption’ during the pandemic in the U.S. district assigned to the Judge Barbara J. Rothstein leaves room for a deeper discussion on claims interruptions.  In mid-March of this year, the judge decided to dispose some lawsuits filed presented by a number of professional associations, retailers and even the Seattle Symphony Orchestra.  Rothstein mentioned in her ruling that each of theRead more

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