Business Continuity Protection Program – Addressing a Pandemic
Discusses a different proposal for providing business interruption coverage for a pandemic.
July 27, 2020 at 08:09 AM
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From the beginning of the pandemic, coverage for business interruption claims or lack thereof has been one of the largest issues for businesses that were forced to close under government order. The claims in large part are not covered due to a variety of reasons, primarily lack of physical damage to property or virus exclusions. The industry has advocated from the beginning that pandemics are similar to terrorism or flood, cannot be properly rated at a reasonable cost to insureds, and need to be handled by a federal solution.
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