Insurance
Jan. 20, 2010
Hollywood's Spin on Business Interruption Insurance
Deborah Stein of Simpson Thacher & Bartlett discusses the impact of business interruptions in the film industry and the nature of risks insured.
By Deborah Stein
Business interruptions resulting from natural disasters such as earthquakes, hurricanes, fires and floods can significantly affect a company's bottom line, particularly when the disaster affects the company's ability to operate for a meaningful period of time. For many industries, business interruption coverage that insures against these types of risks, often included as part of an "all risk" insurance policy, is sufficient protection. In Hollywo...
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