As the global pandemic approaches its first anniversary, policyholders that suffered business interruption losses should analyze their insurance policies for any limitation on when they can file suit. Although insurers and some brokers may have advised policyholders that their insurance policies preclude coverage for COVID-19 related losses, a number of courts either have found otherwise or have refused to dismiss policyholders’ suits at the pleadings stage.
Recent Insurance Recovery, Litigation & Counseling Alerts:
A Tale of Two Policies: How Careful Interpretation Impacts Coverage Determinations
If you would like to discuss these issues or any coverage-related matter, please contact the Insurance Recovery, Litigation & Counseling Group.