© 2012 Edwards Wildman Palmer LLP & Edwards Wildman Palmer UK LLP

Edwards Wildman Insight: The Business Impact of Sandy

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.

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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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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© 2012 Edwards Wildman Palmer LLP & Edwards Wildman Palmer UK LLP

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