It follows physical damage, which is what rules most of the disappointments out. There has to be direct physical loss or damage to covered property from a covered peril, so a downturn, a lost contract, or a voluntary closure does not trigger it. A precautionary power shutoff is the California version of this problem: with no physical damage to anything, there is generally nothing for the coverage to follow. Utility services endorsements exist, though they usually still require physical damage to the utility’s property. Communicable disease exclusions are now near universal.
Related FAQs
Enough to cover lost income and the expenses that continue during a realistic recovery period, which is the part most often underestimated. The figure is usually built from a ...
That may be covered by dependent or contingent business interruption, which some programs include or add. We will review whether it fits your business.
No. It follows a covered property loss, so the underlying event has to be covered by your property policy.
Ready to get started?
Talk to an advisor or request a quote. It takes about five minutes, with no commitment. Be insurance wise.
