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Insurance Coverage & Recovery
Battle Lines Are Drawn in the Fight over Business Interruption Insurance
With much of the economy shuttered for more than a month by governmental orders affecting non-essential businesses, it is no surprise that we are now seeing a slew of lawsuits pitting insured versus insurer in the fight over coverage for COVID-19 related business closures. A review of some of the filed pleadings in these cases reveals the positions being taken on both sides, and suggests possible approaches insureds may consider taking.
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Hope on the Horizon for COVID-19 Related Business Interruption Insurance Coverage
Amid the COVID-19 pandemic, small businesses have been consistently informed that their losses caused by the pandemic would not be covered under their insurance policies. But with new legislation on the horizon in New York and New Jersey, change may be arriving to allow the needed coverage.
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