Edwards Wildman Insight: Superstorm sandy has forced many businesses to face questions they never thought they would encounter.

1. Edwards Wildman Insight:
The Business Impact of Sandy
© 2012 Edwards Wildman Palmer LLP & Edwards Wildman Palmer UK LLP

2. Perfect Storm Raises Coverage Questions
♦ Corporations and Small- to Medium-Sized Businesses are still
recovering and regrouping in the aftermath of Sandy.
♦ The storm has forced many businesses to find answers to
questions they never thought they would face.
♦ Edwards Wildman attorneys Darlene Alt and Robert DiUbaldo recently
discussed these new issues with Insurance Journal.
For more insight,
visit Edwards Wildman’s InsureReinsure blog.

3. Was Sandy a Hurricane or a Bad Storm?
The Definition Matters
♦ Fully understand how Sandy
was categorized when it hit
landfall in your area.
♦ Several states – including New
York, New Jersey and
Connecticut – issued orders or
guidelines post-Sandy that
prevent insurers from imposing
hurricane deductibles on claims.
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4. Sandy: Key Coverages For Businesses
♦ Contingent Business Interruption coverage protects businesses
against lost income due to supply interruptions caused by physical
damage to a supplier’s property.
♦ Utility Interruption coverage protects businesses for income lost
due to an electrical outage.
♦ Lack of Ingress/Egress coverage includes losses sustained when
you cannot get to or from the property because of blocked roads or
other destruction.
♦ Bottom line: Review policies carefully to understand what
coverage exists for Sandy-related claims.
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5. For more information on Edwards Wildman,
please visit:
EdwardsWildman.com
OR
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© 2012 Edwards Wildman Palmer LLP & Edwards Wildman Palmer UK LLP