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This CLE webinar will address issues faced by insurers and policyholders responding to claimed losses or liabilities arising from the novel coronavirus (COVID-19). It will address all types of insurance including Event Cancellation Insurance, Property Insurance, Business Interruption Coverage, Contingent Business interruption Coverage, D&O, CGL, E&O, EPL, etc.
The full impact of COVID-19 remains unknown, but insurers and policyholders are seeing claimed losses and liabilities potentially in the billions of dollars in relation to claimed canceled events, delays in work and repairs, lost revenue, lack of access, employment issues and potential liabilities for alleged action or inaction by D&Os and others.
Companies impacted by this global crisis might have insurance which insures certain damage, lost earnings and liabilities that may be incurred by infected people or stockholders or third parties who allege that a company responded to the COVID-19 outbreak in an improper manner. There are significant insurance issues that will need to be addressed as part of this claims complex including:
Listen as the panel addresses what types of policies are most likely to offer coverage and what are the obstacles to coverage, including whether the presence of contagion like COVID-19 constitutes property damage.
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