Posts tagged as:

schools

Schools Should Plan For a Reasonable Extended Period of Indemnity

by John April 7, 2010

Schools have several aspects that make them unique risks when evaluating values at risk for a business interruption loss. One of the areas that separates schools from other industries is that there is often a huge lag, or ramp up, for the school to repopulate following a major disaster. I’ve recently heard from brokers who [...]

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Schools: Beware the “Loss Of Market” Exclusion When Submitting a Business Interruption Insurance Claim

by John February 17, 2010

Following Hurricane Katrina, I was retained to help a private school quantify its business interruption loss.  I valued the business interruption loss related to the period of restoration as well as the extended period of indemnity. The first hurdle was getting the adjuster to understand that a school doesn’t make widgets.  What I mean is [...]

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Private Schools: Avoid This Potential Pitfall

by John February 13, 2010

When it comes to preparing a business interruption loss insurance claim, one industry that is very unique is private schools. Private schools have specific risk exposures that can quickly turn into a problem if the exposures are not addressed before a loss occurs. One such issue relates to tuition and the contract signed between the [...]

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