Understanding Insurance Coverage May Save Your Business From Disaster

Attorneys from Dorsey recently helped Southern Minnesota Beet Sugar Cooperative ("SMBSC") and its grower­-members recover from two near­ disastrous events. SMBSC is a grower­-owned cooperative located in Renville, Minnesota and is in the business of processing sugar-beets into refined sugar. SMBSC and its growers experienced two significant disasters in recent years, both giving rise to insurance claims. Property, business interruption, crop insurance, and liability insurance are vital components in managing risk in most businesses. Insurance policies, however, are often difficult to understand and analyzing coverage provided by them can be very complex. The events that trigger coverage under insurance policies can involve a wide variety of actions, events and scenarios, only limited by the wondrous hand of fate.