Hunton & Williams Insurance Restoration Team, Walter Andrews, was in an article published in the Houston Chronicle last week on insurance for losses from Hurricanes Harvey and Irma. While the storm was devastating in its own unique way – Harvey with extensive floods; Irma with extreme wind and storm beam – both have significantly affected local and national companies. As Andrews explains, "if you don't have any customers or if they don't have access to your premises, you don't have business. Many companies face huge amounts of lost revenue during the time it takes to repair hurricane-related injuries." facing major losses has an economic life span in the form of business interruptions in its property policy. Likewise, remote business affected by the storm is likely to have a contingent interruption for business interruptions that will apply to a company or customer to whom they are suffering damage from one of the storms ̵
For more information, visit our hurricane insurance recovery and advisory center.