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Business frets at terrorism tag of Marathon attack

ObamaBOSTON (AP) — A declaration by President Barack Obama that the Boston Marathon bombings were an act of terrorism could make it difficult for many affected businesses to be reimbursed for losses.

Federal law enacted after the 9/11 terrorist attacks requires the government to certify whether an act of terrorism has occurred for businesses to determine liability for losses. If a business did not buy specific terrorism coverage an official designation could make it harder to get reimbursed.

The Boston Globe reports that many small businesses on Boylston Street did not buy terrorism coverage.

Most business losses resulted from closing Boylston Street as a crime scene, not from the fatal explosions on April 15. Proving a loss requires tallying receipts from a previous comparable period to demonstrate the cost of being shut by authorities.

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WGGB encourages readers to share their thoughts and engage in healthy dialogue about the issues. Comments containing personal attacks, profanity, offensive language or advertising will be removed. Please use the report comment function for any posts you feel should be reviewed. Thank you.
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