Checklist of Issues to Review for Business Interruption Insurance |
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| This is a checklist of key issues for a business to review in analyzing the terms and conditions of Business Interruption Insurance.
Format: |
Microsoft WordCHECKLIST OF ISSUES TO REVIEW FOR
BUSINESS-INTERRUPTION INSURANCE
- Is the dollar amount of the coverage sufficient?
- Is the insurer financially strong?
- Are the premium payments competitive?
- Is the deductible too large?
- Does the policy cover salaries, utilities, rent, and other operational expenses incurred while the business is interrupted?
- Does the policy cover lost profits?
- Does the policy cover expenses incurred to hasten reopening the business?
- Does the policy cover losses due to failure of power, light, heat, gas or other utilities?
- Does the policy cover interruption to the business due to fire or other casualty caused to a supplier, vendor or customer?
- Does the insurer have...
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