Will Business Interruption Insurance Provide Coverage for Coronavirus Losses?
A summarization of challenges to business interruption coverage in the COVID-19 pandemic.
With COVID-19 disrupting global supply chains and sales, businesses are losing income and incurring additional expenses as a result of the disruption. There likely will be an increase in insurance claims against insurance policies offering business interruption and/or contingent business interruption coverage. Whether the claims are covered will depend on the terms and conditions of the insurance policy and the circumstances of the loss.
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