2018 has been a busy year for seismic activity with significant earthquakes occurring in Alaska, Japan and California.
With predictions of more earthquakes to come, corporate policy holders will inevitably ask “what insurance coverage is available to protect against property damage and business interruption loss from earthquakes?”
There are four key issues to consider for policy holders in the year ahead:
-Distinguishing Occurrences
-Deductibles and Total Insured Value
-Limiting “Earth Movement” Exclusions
-Contingent Business Interruption Coverage
By giving due consideration to the items listed above, policyholders may be able to enhance insurance coverage for earthquake-related loss and damage.
To read a full analysis on these key issues please click here: http://www.worldservicesgroup.com/publications.asp?action=article&artid=9064
