Will Insurance Provide Coverage for Business Losses Caused by Coronavirus?
The Department of Health and Human Services (HHS) declared a public health emergency due to the continued spread of COVID-19 (coronavirus) on January 31, 2020, and the World Health Organization (WHO) declared the outbreak an international pandemic on March 11, 2020. As a consequence of the recent governmental travel advisories/restrictions and increasing government action restricting “normal” life for the indefinite future, many businesses will experience significant disruptions to their economic activities. Coronavirus is disrupting the global supply chains and trade, businesses are losing income and incurring additional expense a result of this emergent and evolving situation. These recent disruptions can...
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