Category: COVID-19

05

May

UPDATE: COVID-19 and What Your Company Must Know Relating to Business Interruption Claims

3 key points: (1) many business interruption insurance claims policies have exceptions for communicable diseases, viruses, bacteria or fungi—this is the first place to look to determine whether you are covered; (2) insurers are denying coronavirus-related claims from small businesses even if they do not have those exceptions in their policies—despite this, insureds can still […]

What Your Company Needs to Know Relating to COVID-19 Force Majeure and Business Interruption Claims

The global economy and businesses’ ability to operate have been disrupted due to the coronavirus outbreak (COVID-19). Companies should expect to see a surge in disputes over whether force majeure clauses and business interruption insurance applies to COVID-19.[1] Force majeure clauses are contract provisions that excuse a party’s nonperformance when “acts of God” (typically natural disasters […]

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