COVID-19 Business Interruption and Loss Recovery

Pressure Intensifies to Cover Pandemic Losses

As business losses continue to mount from the pandemic-induced economic shutdown, parties from different civil arenas are pursuing various solutions to cover the losses. Judicial, legislative, and political developments are all pressuring insurance companies to contribute. Despite these forces, the insurance industry continues to balk at the notion of covering business insurance (BI) claims that [...]

2020-04-14T17:06:21-04:00April 14th, 2020|BUSINESS CONSULTING, COVID-19|

Calculating Your Business Interruption Loss

As businesses continue to deal with the effects of COVID-19, it is imperative to focus on the steps you can take to protect and help your business withstand the coronavirus storm. For a closer look at the filing process for business interruption claims, be sure to check out our previous articles regarding Business Interruption Loss [...]

2020-04-13T17:19:32-04:00April 13th, 2020|BUSINESS CONSULTING, COVID-19, DISASTER RECOVERY|

Business Interruption: Planning Your Next Steps and Setting Expectations

In the event that your business suffers an interruption or loss of income as a result of the pandemic or restrictions imposed by civil authorities, there are steps that you can and should take to assess the impact on your business, mitigate your losses, and chart a path forward. Next steps Thoroughly review your policy [...]

2020-03-26T00:48:37-04:00March 25th, 2020|BUSINESS CONSULTING, COVID-19|

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|

Understanding the Basics of Business Interruption Claims

Business owners across the United States are experiencing unprecedented challenges as they navigate the uncertainty of COVID-19. With many businesses required to significantly limit operations or even close down for extended periods of time, business owners are left wondering how they can survive the storm. One potential lifeline may very well be hidden inside your [...]

2020-03-25T11:36:26-04:00March 24th, 2020|BUSINESS CONSULTING, COVID-19|

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 [...]