COVID-19 restrictions imposed throughout the United States have resulted in business interruption losses in nearly every industry. Many insurance companies have denied coverage for COVID-19 business interruption losses, and policy holders have filed lawsuits seeking coverage. Courts are beginning to weigh in on whether business interruption insurance coverage will cover financial losses due to COVID-19. Rebecca Woods, Litigation partner, joins this episode for a discussion on:
- How business interruption and contingent business interruption insurance work
- Lawsuits and emerging trends
- Physical loss vs. physical damage claims
- Best practices and how policy-holders can position claims for success
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