With coronavirus affecting supply chains and causing event cancellations, lawyers say disrupted businesses will start looking to their insurance providers to make up their losses.

But while companies losing money are likely to file claims, lawyers expect insurance providers to argue that coronavirus disruptions aren't covered by the policies. With so much money on the line, this could spark litigation by the policyholders against their insurers.

"The scope of potential claims in the insurance market is astonishing, really," said Norton Rose Fulbright partner Neel Lane of San Antonio, who represents major insurance companies. "The more I think about it, the more that I can imagine various sorts of insurance claims based on the pandemic that we are experiencing."