The COVID-19 Coronavirus pandemic is having an unprecedented impact on businesses across the country. With massive closings mandated nationwide, companies in almost all industries are affected. Virtually every business is suffering interruptions, some facilities are required to close entirely, and furloughs, layoffs and terminations are rampant. But there is hope. Many Commercial General Liability and Business Insurance policies include coverage for losses caused by interruption of a company’s business. Similarly, many companies carry policies (sometimes called All-Risk, Multi-Risk, Multi-Peril and Tailored Business Interruption Policies) that can provide additional coverage for business interruption-related losses. And some companies have policies providing for Contingent Business Interruption (CBI) coverage, which provides indemnification for losses caused by an insured business’s inability to obtain raw materials or other supplies necessary to operate its business. In short, many companies impacted by the pandemic—whether they recognize it or not—carry insurance that could cover some or all of the losses they sustain as a result of the COVID-19 Coronavirus outbreak.
Jaszczuk P.C. attorneys have decades of insurance coverage-related expertise at the very highest levels of the field. Collectively, our attorneys have over 100 years of experience working with all the types of coverage that may be available to ease the impact of lost revenue that a great many businesses will experience over the course of the Coronavirus crisis. For a free consultation and assessment of your company’s claim, or for answers regarding business interruption insurance for the COVID-19 Coronavirus, please email us at firstname.lastname@example.org.