Business Interruption Policy Covers Total Value of the Contracts Lost During the Reconstruction Period

Business Valuation Update BVLaw
Legal and Court Case Update
December 28, 2006
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Daniel Gates v. State Automobile Mutual Insurance Company
No. W2005-00386-COA-R9-CV (Tenn. App. 2005)
US
State Court
Tennessee
Court of Appeals
David M. Hannah, J. Brandon McWherter, Lewis L. Cobb, Parks T. Chastain
Mark Henry
Kirby

Summary

The Tennessee Court of Appeals determined how covered loss should be calculated under a business interruption insurance policy.

See Also

Daniel Gates v. State Automobile Mutual Insurance Company

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 ...