Why “Pandemic” is NOT Excluded in the Business Income Policy
There doesn’t need to be a “pandemic” exclusion in the business income policy. The absence of the word or an exclusion containing the word does not change the facts of…
Commercial Lines
COVID-19: Extended Business Income Coverage
Even though COVID risks have lessened, this article is still a great primer on extended cusiness income coverage. Following a business-closing loss, insureds suffer two income loss periods. Obviously, income…
How Business Income Responds to COVID-19 in Under 975 Words
Before any insurance policy responds to a claim, the loss must first meet all the requirements of the insuring agreement. The insuring agreement is the broadest the coverage will ever…
Unwrapping Gregory Packaging: Proving No Business Income Coverage for COVID-19 Closures
Several lawsuits have already been filed across the US attempting to prove the business income policy is triggered by the presence of COVID-19 or the government shutdowns as a result…
COVID-19 and Commercial Property Vacancy Concerns
As of this writing 38 states and countless cities and counties have enacted some form of stay-at-home order amid the pandemic panic arising from COVID-19. If the operation is not…
Workers’ Compensation, COVID-19 and 3.A. States
Workers’ compensation is regulated at the state level. Although there are some benefits to this, there are also problems created.
Coronavirus: Business Income Losses and a Covered Cause of Loss
How is the actual loss of business income deciphered? Both ISO-promulgated business income policies (CP 00 30 and CP 00 32) provide guidance on how the actual loss of business…
Coronavirus ‘Civil Authority’ Coverage May Hinge on Science
Many readers may have heard that the first business income/civil authority lawsuit was filed in New Orleans on March 16, 2020. It’s no surprised it was filed; nor was it…
Coronavirus and the Auto Exposure
Over the last several days, the VU has fielded several auto insurance related questions as it pertains to food delivery and the Coronavirus. These questions cannot be classed simply as…
Coronavirus (COVID-19): Does Business Income Respond?
During this pandemic panic the most common question asked of agents dozens of times every day, “Does my business income policy cover the shutdown mandated or recommended by the government?”…
