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FAQs on Navigating Business Interruption Claims

Sean Sarsfield CPA/CFF, CFE, CVA, HKA Vincent Morgan J.D., Bracewell LLP
Jan 21, 2025 · 1 min read

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  1. What are the key coverages in commercial property policies?
    Commercial property policies typically cover loss of or damage to property, business interruption, contingent business interruption, service interruption, ingress/egress, and preservation and protection of property.

  2. What are some important provisions to be aware of in these policies?
    Key provisions include covered/excluded items, type of income and expenses recoverable, mitigation of damages, period of restoration/extended period of indemnity, coverage for professional fees, triggering events, and waiting period.

  3. How should income losses be

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