9.21 B. Other Catastrophes—Off-Site Events

• Jurisdiction: New York

B. Other Catastrophes—Off-Site Events

Casualties traditionally include events like fires, floods, hurricanes and the like, and assume at least some physical damage to your client’s building if not their premises. In addition to casualties, off-site events which have no direct physical impact on your client’s building or premises can wreak financial havoc, and leave your client obligated to pay rent on space that they cannot use or sometimes even access. Typical examples of such off-premises events include...