Business Interruption Coverage
The recent earthquake in Eureka, California (as well as the devastating events in Haiti), reminded me of the financial challenges and complexities faced by businesses large and small following a catastrophe. While the Eureka situation is in no way comparable to the devastation in Haiti, businesses there will be facing challenges and potentially lengthy shut-downs. One tool for dealing with the financial loss of such an involuntary shutdown is business interruption insurance. However, that comes with its own set of challenges.