Delaware Business Insurance Update , Hurricane + Nor'easter = Claims Nightmares

To make matters worse, last week's nor'easter that hit NY and NJ just complicated the claims nightmares that are developing.  Many adjusters had not even had time to get out to see the damage from hurricane Sandy, and now they have new damage to look at. Or do they?  The properties and businesses were vulnerable to new damage because of the hurricane. This may be a chain of causation that can be classified as one occurrence not two. Therefore only one deductible and one waiting period for loss of business income coverage. Again the courts will have to sort this out.  What a mess!   Until next time be careful out there and know your risks. K

G.Kevin Nemith,  Small Business Insurance, Business Insurance, Enterprise Risk Management, Specialists serving De, Md, NJ, PA,
www.cncinsurance.com
www.bizinsurancetv.org



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