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Are You Covered For Business Interruption, Really?

Lance Ewing says it's pretty obvious his business was interrupted by the Sept.11 terrorist attacks. After all, his company, GES Exposition Services, a LasVegas-based convention ...

By Staff Writer | Updated on November 01, 2001

Lance Ewing says it’s pretty obvious his business was interrupted by the Sept.11 terrorist attacks. After all, his company, GES Exposition Services, a LasVegas-based convention services provider, suffered losses when trade shows werecanceled following the attacks. But Ewing, GES’ senior director of insurance andloss prevention, might be out of luck; it’s unclear whether his businessinterruption insurance will compensate him for the losses.

He’s not alone. Many companies indirectly affected by the attacks are nowtesting their business interruption insurance policies to find out what ?businessinterruption really means. Though these policies clearly cover losses related tophysical damage, risk managers say it?s uncertain how companies that didn’ttake a direct hit but nonetheless suffered might fare.

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