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ERNEST MARTIN, JR.
C
hair, Insurance CoveragePractice GroupHaynes and Boone, L.L.P.901 Main Street, Suite 3100Dallas, Texas 75202214.651.5641ernest.martin@haynesboone.comUniversity of Houston
ADVANCED INSURANCEAND TORT CLAIMS
June 22, 2006Dallas
Fallout FromDisasters:RecoveringBusiness Losses
 
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Time Element Coverages provide replacement revenue, allowingbusinesses to maintain profits and pay continuing expenses inwake of various types of loss or damage.Time Element Coverages are characterized by the cause of the lost income:•Generic Business Interruption Coverage;•Contingent Business Interruption Coverage;•Civil Authority Coverage;•Ingress/Egress Coverage; and•Service Interruption Coverage.
 
Generic Business Interruption
 
Generic Time Element Coverage insures the loss of incomecaused by damage to covered property by a covered peril withinthe policy period.This type of coverage is purchased inconjunction with coverage forproperty damage, but the economicrisk associated with loss of earnings isoften substantially greater than therisk associated with catastrophicproperty damage.
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