Business Interruption Insurance Applies To Securities Firms: Start By Calling Counsel

Fox Rothschild LLP
Contact

Fox Rothschild LLP

With the chaos of the past week– and it is going to get worse before better– firms should check on their insurance coverage.

Most firms should check to see if there business interruption coverage is up to date.   This is a critical component of their business operations.  If things get worse and there are widespread shutdowns, most firms will need to look to these policies for coverage.   Keep in mind that it may apply if you cannot get into your offices or vendors or suppliers let you down.  You will need to make sure you keep detailed records of expenses and provide prompt notice to your insurance carrier if something happens.

Best way to make sure that you are on the right track is to call counsel and discuss.

[View source.]

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Fox Rothschild LLP | Attorney Advertising

Written by:

Fox Rothschild LLP
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

Fox Rothschild LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide