Rulings in Missouri Federal Court Hold COVID-19 Business Interruption Losses May Constitute “Physical Loss” Under Property Insurance Policies

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

Another Wave of COVID-19 Closings: Do Businesses Need to Submit Another Round of Claims to their Insurers?

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

Event Cancellation Insurance and the COVID-19 Pandemic

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

Insolvency, Nonrenewal, and Claims: Strategies for Post-Policy Period Coverage under Claims-Made Policies

Clients often call when a claims-made liability insurer does not intend to renew an expiring policy. Usually, the call is about directors and officers (D&O) liability insurance, but it might also be about fiduciary, employment practices, or professional liability insurance. An insurer may choose to non-renew for various reasons. The Read More

Beware of Sublimits!

Sublimits are one of the most common sources of consternation for our business clients. A “sublimit” is a lesser insurance limit of liability that applies to a specific type of loss and is included within the larger, generally applicable, limit. Here are some common examples: a fiduciary liability policy may Read More