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business interruption
The surge of COVID-19 government-ordered shutdowns and health stay-at-home mandates is imposing an unprecedented economic impact on businesses of all sizes. COVID-19 is forcing business owners to find ways to survive the sharp drop in economic activity. For many insured businesses, one potential avenue of relief is their business interruption insurance.
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Business owners struggling with loss of income due to COVID-19 should look to their insurance companies for relief under the business interruption component of their commercial business insurance policies.
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It is important for businesses to closely review their commercial property and liability insurance policies, specifically business interruption provisions, to determine if business impacts related to COVID-19 are covered.
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