Category Archives: Business Interruption Insurance
The Physical Loss Requirement of COVID-19 Business Interruption Claims
As long as a virus exclusion is not included in a company’s business interruption policy, most disputes arising from COVID-19-related claims will depend on whether a claimant can prove that the closure of a business property (due to contamination or threatened contamination), qualifies as physical loss or damage. This could prove to be an… Read More »
Pennsylvania Supreme Court Refuses to Consolidate COVID-19 Business Interruption Cases
Thousands of businesses across Pennsylvania have been forced to close their doors as a result of mandatory COVID-19-related statewide closures. In an effort to help offset resulting losses, many companies have begun filing business interruption claims with their insurance providers. Unfortunately, many insurers have refused to honor these claims, leaving business owners unsure of… Read More »
Filing a COVID-19 Business Interruption Insurance Claim
Business interruption insurance helps business owners cover the cost of lost income and expenses when their companies are unexpectedly closed due to a government order or disaster. If approved, these claims can help policyholders pay rent, taxes, employee paychecks, and loans. Unfortunately, many business owners who purchased business interruption insurance policies as a precautionary… Read More »