Summary
The Tennessee Court of Appeals determined how covered loss should be calculated under a business interruption insurance policy. It found that net income was “earned” when the contract was made, regardless of when payments under that contract were received ...
Daniel Gates v. State Automobile Mutual Insurance Company
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See Also
Business Interruption Policy Covers Total Value of the Contracts Lost During the Reconstruction Period
The Tennessee Court of Appeals determined how covered loss should be calculated under a business interruption insurance policy.