Can't Find Microchips? Insurance May Help Ease the Pain
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This year, many businesses have been unable to obtain microchips they need for their products. Microchip manufacturers have been affected by fires, utility outages, and other damage to their factors. Fortunately, resulting financial losses may be covered by insurance. This presentation will discuss the availability of insurance coverage for these and other types of contingent business interruption losses. We also will discuss what steps affected businesses should be taking to maximize their recovery and avoid potential pitfalls.
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