Falling profits, rising claims
As the spreading coronavirus forces businesses to restrict their brick-and-mortar operations, the steep losses in revenue have left them looking for a lifeline. Business owners are turning to their insurance policies for emergency financial relief, only to find out that their “business interruption” coverage may not cover the unprecedented disruptions caused by COVID-19.
Identifying applicable coverages
Whether you’re representing a restaurant chain or a mom and pop shop, litigators Russell J. Karnes and Christopher L. Strohbehn will explain what to look for in policy language and how it may be applied to your clients’ circumstances.
- How differing coronavirus-related events may trigger coverage
- Common clauses and concepts in business continuation policies.
- How total cessation of operations may be treated in lieu of modified operations
- Ways insurers appear to be interpreting the policy language as it relates to the coronavirus pandemic
- Whether receipt of assistance from the CARES Act or Paycheck Protection Program could impact a business interruption claim
Clause for concern?
Could your client be denied payout? Understand your options for appeals, recognize the signs of a bad faith claim, and explore the growing number of cases moving through courts across the country.