NAS Expands Business Interruption Coverage

August 22, 2008

Encino, Calif.-based NAS Insurance Services has expanded its regulatory business interruption (RBI) insurance to include healthcare and medical risks — hospitals, long-term care and public health departments — in addition to coverage offered to restaurants, food suppliers/vendors, hotels, schools and other for-profit entities.

RBI provides companies with extra expense protection, on a per day basis, for business interruption or interference due to business closure by a regulator for perils such as disease, contagion and/or infestation, as well as terrorism, homicide, suicide and/or workplace violence. RBI also features a legal expense sublimit to contest a regulatory shutdown, full prior acts for most risks, purchase for single or multiple locations, and availability in all states.

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