Karl Woolfenden, our Publisher spoke to Alex Roje, at our friends at Lathrop GPM about business interruption, and some of things a business owner needs to be thinking about.
Karl talked about some of the content in an article Alex wrote:
Author: Alex Roje
Despite devastating losses due to the forced closure of their businesses and the effect of social distancing mandates, most policyholders around the country that have made claims for business interruption losses under their property policies, are getting a uniform response: Claim denied! Insurers typically cite two reasons for their refusal to cover: (1) they claim there is no direct physical loss or damage to covered property, and (2) they claim the policy excludes loss or damage due to “virus” or “pathogen.”
Read the Full Article at:
About Lathrop GPM
Lathrop GPM is one of the largest law firms in the United States representing policyholders, providing policyholders with the necessary guidance and legal counsel to handle everything from negotiating coverage and managing risk to litigating insurance disputes and recovery. The Road to Insurance Recovery blog is dedicated to helping readers better understand and manage the complexities of the modern business insurance policy.