Business Interruption Coverage in Hurricane Harvey’s Aftermath
As Texas and the Gulf Coast grapple with the devastation caused by Hurricane Harvey, affected companies will likely focus on business interruption coverage to alleviate their losses. Doors of many businesses remain closed, curfews and orders of civil authority have restricted access, and forces of nature have prevented ingress and egress in certain areas. There has been massive destruction in the commercial context, with untold lost business income and commercial property losses. Insurers will soon be forced to confront the difficult task of determining the scope of business interruption coverage available to their policyholders.