After many years of working for Corporate America, Tom finally was realizing his dream of owning and running his own business. His decision was reached with a bit of help from the current downturn in the economy.
Tom signed a lease for a store, had invested most of his life savings to build inventory, advertise, promotions, etc.
His store was open for several months and business was slow but steady.e had decided to open his store at the same time his town was hosting a week long celebration of heroes of the town. He was counting on the extra "foot traffic" to get boost sales.
The night before the first day of the celebration, a warehouse about a mile away exploded. Fire and smoke from the resulting blaze could be seen for miles. chemicals and other hazardous materials had been stored in the warehouse.
Emergency officials decided to close an area of a mile radius of the warehouse.
Tom arrived early to open his store only to find police cruisers blocking the road. He explained that he own the store about 100 yards inside the "closed" perimeter.
Police officials explained that the area was closed to all traffic, auto and pedestrian for the foreseeable future. Tom would not be allowed to open his store.
QUESTION: DOES TOM HAVE COVERAGE FOR THE LOSS OF EARNINGS AS A RESULT OF THE WAREHOUSE EXPLOSION?
Not sure? Then visit my website: www.mfrisksolutions.com for the answer.
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