Understanding Contingent Business Interruption Coverage

Understanding Contingent Business Interruption Coverage

Arnie Mascali, President of Procor Solutions + Consulting provides insight and perspective on Contingent Business Interruption Coverage in an article originally published in Tort Trial & Insurance Practice Law Journal, Volume 41, No. 3, Spring 2006 © 2006 by the American Bar Association.

Download article here> Contingent Business Interruption Coverage

“Contingent business interruption (CBI) coverage is intended to protect businesses whose income depends on outside enterprises, such as an exporter who ships products through the Port of New Orleans or a food vendor who supplies the New Orleans Superdome. Katrina spawned an estimated $60 billion in insured losses, many of which are CBIs. But because of the dearth of case law on CBIs, the author warns that lawyers and their clients (and insurance experts) are “literally entering unchartered territory without a judicial beacon.”

 

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