Tag Archives: business interruption losses
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Client Alert: D.C. Council Declined to Vote on First-of-Its-Kind Legislation Requiring Certain Insurers to Retroactively Cover COVID-19 Business Interruption Losses; Other States Are Still Considering
On Tuesday, May 5, 2020, the D.C. Council declined to vote on a portion of the Coronavirus Omnibus Emergency Amendment Act of 2020, called the Business Interruption Insurance Amendment Emergency Act, which would have required every business interruption and loss of use or occupancy insurance policy currently in force in the District of Columbia be read to cover business ... Read More
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Client Alert: A Summary of Legislative Efforts to Compel Insurers to Pay COVID-19 Related Business Interruption Losses
Small businesses across the country debilitated by the COVID-19 crisis are searching for solutions to shrinking revenue due to nationwide stay-at-home orders. Many businesses believe their insurance should cover their losses, evidenced by a growing wave of litigation against insurance carriers. Small businesses claim that without insurer payouts, they will be unable to re-open and re-hire laid off employees after ... Read More