Edwards Wildman Insight:                              The Business Impact of Sandy© 2012 Edwards Wildman Palmer LLP & Edwa...
Perfect Storm Raises Coverage Questions♦   Corporations and Small- to Medium-Sized Businesses are still    recovering and ...
Was Sandy a Hurricane or a Bad Storm?             The Definition Matters♦   Fully understand how Sandy    was categorized ...
Sandy: Key Coverages For Businesses♦   Contingent Business Interruption coverage protects businesses    against lost incom...
For more information on Edwards Wildman,                 please visit:                                  EdwardsWildman.com...
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Edwards Wildman Insight: The Business Impact of Sandy

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Edwards Wildman Insight: Superstorm sandy has forced many businesses to face questions they never thought they would encounter.

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Edwards Wildman Insight: The Business Impact of Sandy

  1. 1. Edwards Wildman Insight: The Business Impact of Sandy© 2012 Edwards Wildman Palmer LLP & Edwards Wildman Palmer UK LLP
  2. 2. Perfect Storm Raises Coverage Questions♦ Corporations and Small- to Medium-Sized Businesses are still recovering and regrouping in the aftermath of Sandy.♦ The storm has forced many businesses to find answers to questions they never thought they would face.♦ Edwards Wildman attorneys Darlene Alt and Robert DiUbaldo recently discussed these new issues with Insurance Journal. For more insight, visit Edwards Wildman’s InsureReinsure blog.
  3. 3. Was Sandy a Hurricane or a Bad Storm? The Definition Matters♦ Fully understand how Sandy was categorized when it hit landfall in your area.♦ Several states – including New York, New Jersey and Connecticut – issued orders or guidelines post-Sandy that prevent insurers from imposing hurricane deductibles on claims. 3
  4. 4. Sandy: Key Coverages For Businesses♦ Contingent Business Interruption coverage protects businesses against lost income due to supply interruptions caused by physical damage to a supplier’s property.♦ Utility Interruption coverage protects businesses for income lost due to an electrical outage.♦ Lack of Ingress/Egress coverage includes losses sustained when you cannot get to or from the property because of blocked roads or other destruction.♦ Bottom line: Review policies carefully to understand what coverage exists for Sandy-related claims. 4
  5. 5. For more information on Edwards Wildman, please visit: EdwardsWildman.com OR Follow Edwards Wildman on Twitter.© 2012 Edwards Wildman Palmer LLP & Edwards Wildman Palmer UK LLP

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