I am forwarding the following discussion by Jill Penwarden about possible insurance coverage for business losses suffered due to the coronavirus. Jill’s article is helpful as it coverers several different possibilities.
The following is the introduction paragraph from Jill’s discussion. I have provided the link to the entire discussion below the introduction paragraph.
“INSIGHT Jill Haley Penwarden · March 31, 2020
Virtually every business is suffering losses due to the coronavirus pandemic, and many are looking to their insurance policies in hopes of relief. Whether coverage will be available will depend on the types of policies in place, as well as the specific coverage wording and exclusions to each policy. Every insurance policy is different, and policyholders will need to review their policies carefully to determine if any coverage is available. The following is a summary of some of the types of coverage that may be available and a discussion of some of the common policy provisions.”
The following is the link to Jill’s entire discussion: https://rimonlaw.com/insights/insurance-coverage-and-the-coronavirus
You might also find useful the following link to my March 3, 2020, post forwarding a discussion on the D&O Diary about the risk of coronavirus-related D&O claims: https://wp.me/p75iWX-rr
Best to you, Dave Tate, Esq. (San Francisco and California)
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Remember, every case and situation is different. It is important to obtain and evaluate all of the evidence that is available, and to apply that evidence to the applicable standards and laws. You do need to consult with an attorney and other professionals about your particular situation. This post is not a solicitation for legal or other services inside of or outside of California, and, of course, this post only is a summary of information that changes from time to time, and does not apply to any particular situation or to your specific situation. So . . . you cannot rely on this post for your situation or as legal or other professional advice or representation.
Thank you for reading this post. I ask that you also pass it along to other people who would be interested as it is through collaboration that great things and success occur more quickly. And please also subscribe to this blog and my other blog (see below), and connect with me on LinkedIn and Twitter.
Best to you, David Tate, Esq. (and inactive California CPA) – practicing in California only.
I am also the Chair of the Business Law Section of the Bar Association of San Francisco.
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A blog discussing the law, D&O, governance, liability and other aspects of public and private businesses, not for profit organizations, and governmental entities – see additional detail below - note: sometimes I post information just to pass it along on these topics (not an endorsement), and sometimes I provide only brief comments or no comments, not a more full discussion. 