 London Market Team - Legal Update September 2008
Physical loss / damage trigger and business interruption claims
As a general rule, business interruption ("BI") losses must be the result of loss or damage to insured property before there is BI cover under the policy. In most policies, "loss or damage" in this context is commonly defined as requiring "physical loss or damage" so that BI cover is only triggered upon the occurrence of a covered physical loss or damage.
Allstate Exploration v QBE Insurance (Australia) Limited
Download (doc)
|
If you have an article or information you would like to see published on Runoffmarket.com please get in touch using the Contact Us page or email
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
for more information.
