Can Business Interruption Insurance Provide Relief?
The economic fallout of the coronavirus pandemic is threatening to shake up the insurance industry like never before. Several insurance companies have already had lawsuits filed against them based on their denial of claims under business interruption policies arising out of COVID-19. The cases involving what constitutes “physical damage” are already being litigated, and experts are predicting unprecedented interpretations and arguments that may expand coverage for the present and future pandemics.
In a recent article, CGS3 partner Dawn Saunders explains how the insurance industry has been responding to the current pandemic and what an insured can do to increase the chances of finding economic relief.