Question

Terrorist acts have become more frequent over the past few years. Those attacks result in business shutdowns as well as inability to move goods and use transportation systems. What happens when substantial interruption in a business’s operations occurs because a bombing destroys or damages its leased facilities? Would you add provisions and protections to your lease? What terms would you want if you were the landlord?

Answer 1

When some bombing destroys or effects our leased facilities and business operations, it would be a great loss as much material will be burnt in the incident cause great loss effecting the orders from the customers, raw material and great economic loss. We would definitely add some insurance or protective measures to safeguard our material and claim the money if anything happens. If we are the landlord we need to ensure that the business has insurance and even we insure the building so that any accident will not cause great loss. We also need to be careful not to lease the property to any business which might use hazardous material in it's activities .