35. COVID-19 Business Interruption Claims

Brian and Shant discuss business interruption insurance with Michael Childress, Of Counsel at Kabateck LLP. 

 

With all the closures, businesses large and small are taking the inordinate hit for the rest of society to reduce the impact of the COVID-19 virus.  We primarily look at property insurance policies.  This is where we find coverage for damage to dwellings, buildings, and business income losses.  Also termed lost profits or business interruption coverage.  Business interruption is an additional coverage available in almost every commercial property insurance policy.  As a result, there is little doubt whether business interruption coverage will come to bear in almost every situation.