COVID-19 has changed the daily lives for all Americans, and this includes a spring with no baseball. Fans across the nation had tickets in hand for the 15 games set for Opening Day on March 26, 2020. However, on March 12, 2020, Major League Baseball (MLB) announced that Opening Day would be postponed. Now, seven
Business Interruption Coverage for COVID-19 Losses: You Can Satisfy the “Physical Loss or Damage” Requirement in Your Commercial Property Policy
Although your insurance company undoubtedly will try to convince you that you have no coverage for your business interruption losses from COVID-19, do not be so quick to accept the insurer’s position. In its simplest terms, the business interruption coverage in most commercial property policies provides coverage for a covered cause of loss if (1)
Check Your Commercial Property Policy for Potential Coverage for COVID-19
If your organization sustains COVID-19 losses, carefully examine your commercial property insurance policy for coverage. Although your insurer may deny coverage by claiming that your policy requires physical loss or property damage, do not accept that assertion. Adhesion or attachment of the coronavirus onto an insured’s property may constitute “direct physical loss” and trigger coverage