2020 Coronavirus Pandemic and Business Interruption Insurance Coverage: It’s Worth A Review

The 2020 coronavirus pandemic is now causing businesses across the country to suspend operations and lay off employees. Business owners whose businesses are being financially impacted by the coronavirus pandemic, through government imposed closures or other restrictions, may want to have their existing business insurance coverages reviewed by an attorney. Business interruption coverage, which may have been one of the coverages your company elected to have in its most recent renewal, would be the coverage to review with an attorney. Although it is more likely that the business interruption insurance coverages offered by most insurance companies today will not cover the business income losses from the present coronavirus pandemic, the insurance policy language applicable to the affected business may lead to a different conclusion.  In short, we recommend that you have an experienced attorney review your company’s existing insurance coverages, if you are suffering business income losses that are arguably attributable to the coronavirus pandemic. Please contact Rumsey & Ramsey, a Dunwoody, Georgia law firm, at (770) 394-9400 to review your insurance coverages with an attorney.