{"id":901293,"date":"2023-06-14T14:51:35","date_gmt":"2023-06-14T20:51:35","guid":{"rendered":"https:\/\/www.myconstructionexpert.com\/blog\/?p=901293"},"modified":"2023-06-14T14:51:39","modified_gmt":"2023-06-14T20:51:39","slug":"supply-chain-disruption-insurance-coverage","status":"publish","type":"post","link":"https:\/\/www.myconstructionexpert.com\/blog\/supply-chain-disruption-insurance-coverage\/","title":{"rendered":"Tomorrow\u2019s Supply Chain &#8211; Insurance Coverage for Supply Chain Disruptions Caused by Labor\u00a0Issues"},"content":{"rendered":"\n<p>Adrienne N. Kitchen | <a href=\"https:\/\/viewpoints.reedsmith.com\/post\/102igbn\/tomorrows-supply-chain-insurance-coverage-for-supply-chain-disruptions-caused\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Reed Smith<\/a><\/p>\n\n\n\n<p>Labor shortages on the West Coast are causing <a href=\"https:\/\/www.myconstructionexpert.com\/blog\/construction-disputes-supply-chain-disruptions-material-price-escalation\/\" target=\"_blank\" rel=\"noreferrer noopener\">supply chain<\/a> disruptions\u00a0and affected businesses may be seeking insurance coverage &#8211; the question is, is it covered?<\/p>\n\n\n\n<p>Today, many businesses rely on overseas material and labor, making supply chain risk one of the six biggest risks businesses face today. Any disruption to the supply chain can be devastating, with consequences ranging from reduced market share and loss of customers\/decreased sales and increased costs to reputational harm, breach of contract claims and failure to meet legal or regulatory requirements \u2013 and it can take years to fully recover.<\/p>\n\n\n\n<p>Most commercial insurance policies require physical damage to specified locations so policies containing typical business interruption, contingent business interruption and extra expense coverage may not cover supply chain disruptions caused by labor issues.<\/p>\n\n\n\n<p>However, specialized broad supply chain insurance policies may be triggered by several types of external events beyond the policyholder\u2019s control, including labor or employment issues that do not involve physical loss or damage. (Though not pertinent to the labor shortage on the West Coast, supply chain insurance can also cover losses caused by natural disasters, industrial accidents, production issues, political or civil upheaval, infrastructure and transportation closures, public health emergencies and governmental regulatory actions.) Supply chain insurance can cover financial losses including revenue loss and other costs incurred due to the interruption. At the moment there exists no \u201cstandard\u201d supply chain insurance form, but generally it provides all-risks coverage, and insurers are open to negotiation of many terms and conditions.<\/p>\n\n\n\n<p>Companies should consult an experienced insurance coverage attorney to review their existing coverages and determine if adding supply chain and contingent coverages to their existing insurance makes sense.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>When one of your cases is in need of a construction expert, estimates, insurance appraisal or umpire services in defect or insurance disputes &#8211; please call Advise &amp; Consult, Inc. at 888.684.8305, or email <a href=\"mailto:experts@adviseandconsult.net\" target=\"_blank\" rel=\"noreferrer noopener\">experts@adviseandconsult.net<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adrienne N. Kitchen | Reed Smith Labor shortages on the West Coast are causing supply chain disruptions\u00a0and affected businesses may be seeking insurance coverage &#8211; the question is, is it covered? Today, many businesses rely on overseas material and labor, making supply chain risk one of the six biggest risks businesses face today. Any disruption&hellip; <a class=\"more-link\" href=\"https:\/\/www.myconstructionexpert.com\/blog\/supply-chain-disruption-insurance-coverage\/\">Continue reading <span class=\"screen-reader-text\">Tomorrow\u2019s Supply Chain &#8211; Insurance Coverage for Supply Chain Disruptions Caused by Labor\u00a0Issues<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[14,9914],"tags":[9895,23,11607],"class_list":["post-901293","post","type-post","status-publish","format-standard","hentry","category-construction-2","category-insurance-coverage","tag-advise-consult","tag-insurance-coverage","tag-supply-chain-delays","entry"],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tomorrow\u2019s Supply Chain - Insurance Coverage for Supply Chain Disruptions Caused by Labor\u00a0Issues - Advise &amp; Consult, Inc.<\/title>\n<meta name=\"description\" content=\"Labor shortages are causing supply chain disruptions\u00a0and affected businesses may be seeking insurance coverage - is it covered?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.myconstructionexpert.com\/blog\/supply-chain-disruption-insurance-coverage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tomorrow\u2019s Supply Chain - Insurance Coverage for Supply Chain Disruptions Caused by Labor\u00a0Issues - Advise &amp; Consult, Inc.\" \/>\n<meta property=\"og:description\" content=\"Labor shortages are causing supply chain disruptions\u00a0and affected businesses may be seeking insurance coverage - is it covered?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.myconstructionexpert.com\/blog\/supply-chain-disruption-insurance-coverage\/\" \/>\n<meta property=\"og:site_name\" content=\"Advise &amp; Consult, Inc.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Advise-Consult-Inc-126949043996790\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-14T20:51:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-14T20:51:39+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@adviseconsult\" \/>\n<meta name=\"twitter:site\" content=\"@adviseconsult\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.myconstructionexpert.com\/blog\/supply-chain-disruption-insurance-coverage\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.myconstructionexpert.com\/blog\/supply-chain-disruption-insurance-coverage\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/www.myconstructionexpert.com\/blog\/#\/schema\/person\/0a11abe008083d5fb19c2b0feefe7bd7\"},\"headline\":\"Tomorrow\u2019s Supply Chain &#8211; Insurance Coverage for Supply Chain Disruptions Caused by Labor\u00a0Issues\",\"datePublished\":\"2023-06-14T20:51:35+00:00\",\"dateModified\":\"2023-06-14T20:51:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.myconstructionexpert.com\/blog\/supply-chain-disruption-insurance-coverage\/\"},\"wordCount\":334,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.myconstructionexpert.com\/blog\/#organization\"},\"keywords\":[\"Advise &amp; Consult\",\"insurance coverage\",\"Supply Chain Delays\"],\"articleSection\":[\"Construction\",\"Insurance Coverage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.myconstructionexpert.com\/blog\/supply-chain-disruption-insurance-coverage\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.myconstructionexpert.com\/blog\/supply-chain-disruption-insurance-coverage\/\",\"url\":\"https:\/\/www.myconstructionexpert.com\/blog\/supply-chain-disruption-insurance-coverage\/\",\"name\":\"Tomorrow\u2019s Supply Chain - Insurance Coverage for Supply Chain Disruptions Caused by Labor\u00a0Issues - Advise &amp; Consult, Inc.\",\"isPartOf\":{\"@id\":\"https:\/\/www.myconstructionexpert.com\/blog\/#website\"},\"datePublished\":\"2023-06-14T20:51:35+00:00\",\"dateModified\":\"2023-06-14T20:51:39+00:00\",\"description\":\"Labor shortages are causing supply chain disruptions\u00a0and affected businesses may be seeking insurance coverage - is it covered?\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.myconstructionexpert.com\/blog\/supply-chain-disruption-insurance-coverage\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.myconstructionexpert.com\/blog\/#website\",\"url\":\"https:\/\/www.myconstructionexpert.com\/blog\/\",\"name\":\"Advise &amp; Consult, Inc.\",\"description\":\"Construction Expert Witnesses\",\"publisher\":{\"@id\":\"https:\/\/www.myconstructionexpert.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.myconstructionexpert.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.myconstructionexpert.com\/blog\/#organization\",\"name\":\"Advise & Consult\",\"url\":\"https:\/\/www.myconstructionexpert.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.myconstructionexpert.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.myconstructionexpert.com\/blog\/wp-content\/uploads\/2015\/11\/AC-Red-Logo.png\",\"contentUrl\":\"https:\/\/www.myconstructionexpert.com\/blog\/wp-content\/uploads\/2015\/11\/AC-Red-Logo.png\",\"width\":162,\"height\":75,\"caption\":\"Advise & Consult\"},\"image\":{\"@id\":\"https:\/\/www.myconstructionexpert.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Advise-Consult-Inc-126949043996790\/\",\"https:\/\/x.com\/adviseconsult\",\"https:\/\/www.linkedin.com\/company-beta\/204526\/\",\"https:\/\/www.youtube.com\/user\/MrConstructionExpert\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.myconstructionexpert.com\/blog\/#\/schema\/person\/0a11abe008083d5fb19c2b0feefe7bd7\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.myconstructionexpert.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b01e71b7acadd7657af782b7ad1a30cc?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b01e71b7acadd7657af782b7ad1a30cc?s=96&d=mm&r=pg\",\"caption\":\"admin\"},\"sameAs\":[\"http:\/\/www.expertwitnessinconstruction.com\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tomorrow\u2019s Supply Chain - Insurance Coverage for Supply Chain Disruptions Caused by Labor\u00a0Issues - Advise &amp; Consult, Inc.","description":"Labor shortages are causing supply chain disruptions\u00a0and affected businesses may be seeking insurance coverage - is it covered?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.myconstructionexpert.com\/blog\/supply-chain-disruption-insurance-coverage\/","og_locale":"en_US","og_type":"article","og_title":"Tomorrow\u2019s Supply Chain - Insurance Coverage for Supply Chain Disruptions Caused by Labor\u00a0Issues - Advise &amp; Consult, Inc.","og_description":"Labor shortages are causing supply chain disruptions\u00a0and affected businesses may be seeking insurance coverage - is it covered?","og_url":"https:\/\/www.myconstructionexpert.com\/blog\/supply-chain-disruption-insurance-coverage\/","og_site_name":"Advise &amp; Consult, Inc.","article_publisher":"https:\/\/www.facebook.com\/Advise-Consult-Inc-126949043996790\/","article_published_time":"2023-06-14T20:51:35+00:00","article_modified_time":"2023-06-14T20:51:39+00:00","author":"admin","twitter_card":"summary_large_image","twitter_creator":"@adviseconsult","twitter_site":"@adviseconsult","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.myconstructionexpert.com\/blog\/supply-chain-disruption-insurance-coverage\/#article","isPartOf":{"@id":"https:\/\/www.myconstructionexpert.com\/blog\/supply-chain-disruption-insurance-coverage\/"},"author":{"name":"admin","@id":"https:\/\/www.myconstructionexpert.com\/blog\/#\/schema\/person\/0a11abe008083d5fb19c2b0feefe7bd7"},"headline":"Tomorrow\u2019s Supply Chain &#8211; Insurance Coverage for Supply Chain Disruptions Caused by Labor\u00a0Issues","datePublished":"2023-06-14T20:51:35+00:00","dateModified":"2023-06-14T20:51:39+00:00","mainEntityOfPage":{"@id":"https:\/\/www.myconstructionexpert.com\/blog\/supply-chain-disruption-insurance-coverage\/"},"wordCount":334,"commentCount":0,"publisher":{"@id":"https:\/\/www.myconstructionexpert.com\/blog\/#organization"},"keywords":["Advise &amp; Consult","insurance coverage","Supply Chain Delays"],"articleSection":["Construction","Insurance Coverage"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.myconstructionexpert.com\/blog\/supply-chain-disruption-insurance-coverage\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.myconstructionexpert.com\/blog\/supply-chain-disruption-insurance-coverage\/","url":"https:\/\/www.myconstructionexpert.com\/blog\/supply-chain-disruption-insurance-coverage\/","name":"Tomorrow\u2019s Supply Chain - Insurance Coverage for Supply Chain Disruptions Caused by Labor\u00a0Issues - Advise &amp; Consult, Inc.","isPartOf":{"@id":"https:\/\/www.myconstructionexpert.com\/blog\/#website"},"datePublished":"2023-06-14T20:51:35+00:00","dateModified":"2023-06-14T20:51:39+00:00","description":"Labor shortages are causing supply chain disruptions\u00a0and affected businesses may be seeking insurance coverage - is it covered?","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.myconstructionexpert.com\/blog\/supply-chain-disruption-insurance-coverage\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.myconstructionexpert.com\/blog\/#website","url":"https:\/\/www.myconstructionexpert.com\/blog\/","name":"Advise &amp; Consult, Inc.","description":"Construction Expert Witnesses","publisher":{"@id":"https:\/\/www.myconstructionexpert.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.myconstructionexpert.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.myconstructionexpert.com\/blog\/#organization","name":"Advise & Consult","url":"https:\/\/www.myconstructionexpert.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.myconstructionexpert.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.myconstructionexpert.com\/blog\/wp-content\/uploads\/2015\/11\/AC-Red-Logo.png","contentUrl":"https:\/\/www.myconstructionexpert.com\/blog\/wp-content\/uploads\/2015\/11\/AC-Red-Logo.png","width":162,"height":75,"caption":"Advise & Consult"},"image":{"@id":"https:\/\/www.myconstructionexpert.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Advise-Consult-Inc-126949043996790\/","https:\/\/x.com\/adviseconsult","https:\/\/www.linkedin.com\/company-beta\/204526\/","https:\/\/www.youtube.com\/user\/MrConstructionExpert"]},{"@type":"Person","@id":"https:\/\/www.myconstructionexpert.com\/blog\/#\/schema\/person\/0a11abe008083d5fb19c2b0feefe7bd7","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.myconstructionexpert.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b01e71b7acadd7657af782b7ad1a30cc?s=96&d=mm&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b01e71b7acadd7657af782b7ad1a30cc?s=96&d=mm&r=pg","caption":"admin"},"sameAs":["http:\/\/www.expertwitnessinconstruction.com"]}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2ztG6-3MsZ","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myconstructionexpert.com\/blog\/wp-json\/wp\/v2\/posts\/901293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myconstructionexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myconstructionexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myconstructionexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myconstructionexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=901293"}],"version-history":[{"count":1,"href":"https:\/\/www.myconstructionexpert.com\/blog\/wp-json\/wp\/v2\/posts\/901293\/revisions"}],"predecessor-version":[{"id":901294,"href":"https:\/\/www.myconstructionexpert.com\/blog\/wp-json\/wp\/v2\/posts\/901293\/revisions\/901294"}],"wp:attachment":[{"href":"https:\/\/www.myconstructionexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=901293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myconstructionexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=901293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myconstructionexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=901293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}