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Archer-Daniels-Midland - A Potential Pitfall For Contingent Business Interruption Coverage
Contingent business interruption coverage applies when a supplier of the insured sustains damage and is unable to supply the insured, causing an interruption of the insured’s business. One issue that is likely to arise from the March 11, 2011 earthquake in Japan is whether there is coverage for damage to suppliers of a supplier of the insured. In other words, how far back in the supply chain must one go to determine if a given entity is a supplier of goods to the insured.
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DecPage: Special Endorsement Earthquake and Tsunami in Japan May Trigger Contingent Business Interruption