Numerous sources have reported unprecedented numbers of cyber breaches in 2020. The coronavirus pandemic is an oft-cited cause, as it necessitated a rapid and massive shift to remote work environments with increased vulnerabilities. Our clients have felt it. So far in 2020, we’ve dealt with more cyber insurance issues based Read More
Since the onset of the pandemic, we’ve written a series of posts on insurance coverage for COVID-19 related losses. In our April 23 post, we wrote that, despite articles expressing a dim view of the possibility of coverage for COVID-19 related business interruption losses, there were many reasons to consider Read More
In our last post, we said that there are many reasons why a business should consider submitting a claim to their insurer for COVID-19 related business interruption losses. See http://bizinsandouts.com/2020/04/23/advice-about-business-interruption-insurance-coverage-for-covid-19-related-losses/. At the time, many businesses had suffered losses due to a suspension of operations beginning in mid-March. Some businesses already Read More
Since mid-March 2020, many U.S. businesses have suffered business interruption-related losses from the COVID-19 pandemic and associated government orders. Much has been written in the popular, legal, and insurance industry press about the potential of insurance coverage for these losses under property insurance policies. Some articles express a dim view Read More
Over the last several days a multitude of conferences, shows, concerts, ceremonies, sporting events and other gatherings have been cancelled, curtailed, or postponed because of the COVID-19 pandemic. While business insurance coverage for many exposures and losses attributable to COVID-19 can be murky, Event Cancellation Insurance policies provide relevant types Read More