A Tree Fell, and Later Was the Noise

Remember the inane musing about when a tree falls in the forest—does it make a noise if no one is there to hear it? The tenant of a commercial property owner called to say a tree on the owner’s property fell on his car during a recent storm causing significant damage.  The tenant wanted the owner to contact his insurance company and take responsibility for repair of his car damage, because after all it was the owner’s tree that did the damage. Unfortunately, the policy that protects the property owner for his legal liability to third...

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Terrorism and Insurance in Boston

An interesting article on insurance ramifications of the Marathon bombings in Boston, appeared in the Wall Street Journal, April 25, 2013. Property insurance payouts hinge on “proximate cause.”  In order to be a covered claim, the principal cause of the loss must be a covered cause. Since 9-11, terrorism has been an option offered to policyholders which they can accept or decline.  The premiums for accepting the coverage for most of my California clients have been modest.  However, many small businesses don’t think a...

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A Sandy Claim Reaches a California Policy

My client is a nationally recognized speaker on sales and marketing issues, and speaks frequently to Business Owner groups all over the US.  He was booked to speak to three groups on Long Island during the week after Hurrican Sandy.  Those presentations were cancelled at the last minute because of the devastation from the wind which downed trees and power lines, interrupting power in the affected areas.  My client lost $3,000 in revenue as a result. He called and asked if there was any coverage under his basic business owner’s...

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