White Paper

Shutdowns by Civil Authority May Not Trigger Traditional Business Income Coverage

How does the insured protect the income stream from this type of loss?

White Paper Summary

Consider this scenario: A state agency shuts down the insured’s oil production facility due to a nearby earthquake and safety concerns. The earthquake did not damage the insured’s property or well; however, civil authority shuts down the well indefinitely, resulting in a loss of revenue, a loss of use and restricted access to the property.

Is your insured covered?

To learn more about Worldwide Facilities, LLC, please visit their website.

Established in 1970, Worldwide Facilities is a national wholesale insurance broker, managing general agent and program underwriter. Our team of insurance specialists has access to virtually every specialty domestic and international insurance market.

More from Risk & Insurance

More from Risk & Insurance

Risk Matrix: Presented by Liberty Mutual Insurance

9 Trends that Are Driving Rate Increases

The market was optimistically cautious entering 2020, but thanks to COVID-19, growing liability challenges and other risk factors, we’re seeing more hardening.
By: | September 1, 2020




The R&I Editorial Team can be reached at [email protected]