HOSPITALITY

Business Interruption Losses: Making an Insurance Claim

The Coronavirus (COVID-19) pandemic has had a devastating impact on people, communities, and businesses worldwide. Virtually every business has been affected, and losses continue to mount daily due to both government and self-imposed restrictions. This inability of businesses to operate as usual can create what is known as business interruption losses. These losses consist of both [...]

2020-03-25T16:52:50-04:00March 25th, 2020|BUSINESS CONSULTING, COVID-19, HOSPITALITY|

Connecting the Dots: Business Interruption Planning As It Relates to COVID-19

A hot topic within the hospitality industry right now is whether insurance policies will cover the drop in revenue (and subsequently, lost profits) arising out of both the pandemic and civil actions taken by federal, state, and local officials. Typically, this issue would arise months down the road when businesses would begin to file interruption [...]