“Legal Aspects of Egress and Ingress Restrictions As It Relates to Business Income and Acts of...
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Transcript of “Legal Aspects of Egress and Ingress Restrictions As It Relates to Business Income and Acts of...
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“Legal Aspects of Egress and Ingress Restrictions As It Relates to Business Income and Acts of Civil Authority”
Presented by William “Chip” Merlin, Jr., Esq.
Ron Papa, SPPATina Nicholson, Esq.
First Party Claims ConferenceProvidence, Rhode Island
October 18 - 20, 2010
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Civil Authority
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Prohibited Access
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Typical Coverage
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Promises to pay:
Actual loss of Business Income and Extra Expense caused by action of civil authority prohibiting access due to direct physical loss of or damage to property, other than at the described premises, caused by or resulting from any Covered Cause of Loss
ISO Business Income Form CP 00 30 04 02
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• Coverage does not begin until 72 hours after the authority has issued order
• Continues for not more than three consecutive weeks after
ISO Business Income Form CP 00 30 04 02
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9/11 and Prohibited Access9/11 and Prohibited Access
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CurfewCurfew
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Actual vs. ThreatenedActual vs. Threatened
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Order to EvacuateOrder to Evacuate
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Access vs. Accessibility
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Period of Restoration
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Practical Checklist for Proof and Documentation for Business Income Claims(Ron to provide)
Accounting/Financial Records and Forms
Loss of Earnings and Extra Expense
Government Restrictions/Declarations
Contingency Plans
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Thank you!
Visit Merlin Law Group at:
www.merlinlawgroup.com
or our blog at:
PropertyInsuranceCoverageLaw.com
Visit NFA at:
www.nfa.com