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Business Income/Extra Expense Valuation

Posted: Tue Mar 26, 2019 7:48 am
by pskwheeler
Does anyone have a good resource for how to properly insure a "transportation" type of exposure? I specialize in the NEMT/Paratransit industry and have not found a good resource to help my clients properly cover their BI/EE exposure.
Really most of them have only an Extra Expense exposure as they could operate if they have a fire, etc. However, if there is a cat type of loss and all of their vehicles are wiped out (ie hurricane), they would definitely have a BI loss. Many of the vehicles are specially equipped so they cannot go to an Enterprise and just rent vehicles. Also, they could potentially lose contracts because these can be Medicare/Medicaid funded programs and the entity arranging transportation would need to find other companies to fulfill obligations.
Appreciate any help or direction you can give me.
Pam Wheeler