So called “showstoppers” insurance, a form of business interruption coverage, will likely help NBAA recover some of the expenses and lost revenue the association incurred when it postponed last year’s annual convention from September and moved it to December. The NBAA Convention has always been covered under showstoppers insurance, but this is the first time the association is making a claim. The actual compensation is a “negotiated amount.” At press time the insurance company was still determining whether the association had an insured claim or not. “We anticipate that our losses will be considered an insured claim,” said NBAA president Jack Olcott.
Insurance will help NBAA recover show expense
- May 16, 2008, 5:09 AM