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Time Element Losses

Time element coverage, which includes business interruption and extra expense coverage, is an integral part of first party insurance. Time element claims are generally straight forward, but disputes can arise when there is a delay between the time that damage interrupts a policyholder's business and the time that a resulting revenue loss is sustained. In “Is There Coverage for Time Element Losses Incurred or Ascertained (Arguably) Outside the Period of Recovery?,” co-authored by Insurance Coverage attorney Ezra Gollogly and published in the American Bar Association Section of Litigation Insurance Coverage Journal, Winter 2017, an analysis of case studies demonstrates just how complex these matters can be.