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It Depends

Lost Sales May Not Be Covered by a Business Interruption Insurance Claim

by John February 2, 2010

I hear this from clients a lot: “But we have business interruption insurance for our lost sales!  If we have business income coverage, doesn’t the insurance company have to pay us for our lost sales?”  This issue in particular can be really frustrating for risk managers, corporate officers, and business owners.
I usually answer this concern [...]

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Does Asset Depreciation Continue During a Business Interruption?

by John January 18, 2010

The answer to that question is, “it depends.” There are a couple of things to consider. First, was the asset physically destroyed in the event or not? If the asset was destroyed, then depreciation usually discontinues under the theory that an asset that no longer exists can’t depreciate. The assumption is that the insured party [...]

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