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Business Interruption Insurance Coverage In The Age Of Coronavirus

Businesses whose operations have been shut down due to the coronavirus crisis rightly look to their business interruption or business income policies for relief. As a general matter, in order to trigger coverage those policies require (1) direct physical loss or damage; (2) to covered property: (3) arising from a covered peril; and (4) resulting in the suspension of the business’ operations.

In cases where coverage is triggered, an insured business may be entitled to recover the net income it would have received but for the interruption and its operating expenses during the time ...

Posted in ECJ Blogs
Coronavirus Advice for Creditors

During this unprecedented time of uncertainty, landlords, financial institutions, vendors, suppliers, and other creditors will undoubtedly be affected. Due to the closure of most businesses which are considered non-essential, it is inevitable that ordinary business obligations such as rent, payments for equipment or inventory financing, employees, and creditors will not be made. It is just a matter of time before business owners default, and creditors will be faced with a problem that unless immediately addressed will only become larger. Some of the obvious signs that a ...

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