Extract to table

VHG must be prepared to demonstrate that it took all reasonable steps to minimize interruption

The burden of proof is allocated as follows: the insured must demonstrate that a covered loss occurred, and the insurer bears the burden of proving that a specific exclusion applies to bar coverage

The policy covers fixed and continuing expenses that the insured must continue to pay during the period of interruption, even though the business is not generating revenue

The sue and labor clause creates a reciprocal obligation: VHG must act to protect property, and Ironclad must pay the costs of such protective measures

Conditions and Claims Procedures The Ironclad primary policy contains standard conditions and claims procedures that VHG must comply with in order to preserve its coverage rights: Notice of Loss

While the policy does not specify a precise number of days within which notice must be given, "prompt" notice is generally interpreted to mean as soon as reasonably practicable under the circumstances