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Coronavirus (COVID-19): Does Business Interruption Insurance Apply?
The argument for business interruption coverage to apply is usually based on the specific coverage grant for closure due to civil order. While that is indeed a specific coverage grant in most business interruption policies, the order usually must be in connection with a physical loss.
Highlights of the 2020 CARES Act
On March 28, 2020, the Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law. Building on previous legislation, its purpose is to provide a measure of federal support in the wake of the public health crisis and economic downturn brought about by the coronavirus.
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