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The current situation has been met with pushback and serious questions from the insurance industry and its lawyers. They include the questions of where there can be coverage for contingent business interruption and government closure orders when a policy requires “direct physical loss or damage”; if policyholders are out of luck if their policies contain an exclusion for “fungus”, “bacteria”, ”pollution”, “contamination”, or “virus”; whether the coverage extension for “Orders of Civil or Military Authority” apply; whether policyholders will have coverage if they are sued by your employees or on-site visitors for exposing them to COVID-19; how much money policyholders could be entitled to recover if their insurance claim is successful; and what actions policyholders should be taking now to keep track of their losses.
These questions and more will be addressed by a panel of experienced lawyers and accountants who specialize in representing policyholders when insurance companies fail to pay their claims.
This program will benefit attorneys advising any businesses affected by COVID-19.
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