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Richard P. Lewis and Nicholas M. Insua of Anderson Kill & Olick Write that almost all businesses carry business income insurance as part of their first-party property insurance program. Unfortunately, there has been a raft of recent decisions imposing a new condition on coverage: policyholders are only entitled to BI insurance if they have suffered a complete shutdown of all aspects of their business.
February 05, 2007 at 12:00 AM
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