News & Analysis as of

Commercial Insurance Policies Risk Management Business Interruption

Jones Day

What About Your Suppliers? Insuring Against Climate Risks to Your Supply Chain

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More than 20 storms—11 of which will become hurricanes, and 5 of which will become Category 3 or greater hurricanes. That's one prediction for the Atlantic hurricane season. Not to worry, you say. Your operations are located...more

Lowenstein Sandler LLP

The ABCs of D&O Insurance

Lowenstein Sandler LLP on

On this episode of “Don’t Take No For an Answer,” host Eric Jesse speaks with Mike Richmond, executive vice president and shareholder at the Horton Group, about the ABCs of D&O insurance, including the three fundamental...more

Proskauer Rose LLP

Cyber Insurance Needs in the Pandemic Landscape

Proskauer Rose LLP on

While most of society struggles to flatten the curve, treat the sick and restart the economy, regrettably, some bad actors have used the COVID-19 emergency as an opportunity to exploit vulnerabilities for personal gain. One...more

Brooks Pierce

Potential Insurance Coverage For COVID-19 Losses

Brooks Pierce on

As companies navigate the COVID-19 pandemic, they should take stock of existing insurance policies that may provide coverage for: • damages and losses suffered by the company, or • potential liability of the company... ...more

Williams Mullen

"An Ounce of Prevention is Worth a Pound of Cure" - Commercial Contracts in the Era of Coronavirus (COVID-19)

Williams Mullen on

With the spread of Coronavirus (COVID-19) in the United States, many of our clients are facing the mass cancellation of events and damaging service interruptions. This disruption can cripple one’s business, so clients are...more

Sheppard Mullin Richter & Hampton LLP

Insurance Considerations for Companies Impacted by Coronavirus

The World Health Organization has labelled novel coronavirus (COVID-19) a pandemic and the global number of confirmed cases of COVID-19 has surpassed 150,000. Companies suffering losses that they believe are attributable to...more

Polsinelli

COVID-19 and Its Growing Impact on Commercial Contracts: How Should Contracting Parties Respond?

Polsinelli on

COVID-19 is causing a rapidly evolving public health crisis, and businesses face uncertainty about their commercial relationships. That uncertainty is raising questions about performance under contractual agreements that were...more

Whitman Legal Solutions, LLC

Paying for a Business' Additional Costs and Lost Revenue Due to Coronavirus

Last week, I received a now all too common email: We regret to inform you that [the concert you purchased tickets for] has been cancelled due to the most recent recommendations from health officials and state government...more

Eversheds Sutherland (US) LLP

New York Department of Financial Services issues guidance and request for preparedness plans related to COVID-19 due by April 9,...

On March 10, 2020, the New York Department of Financial Services (DFS) issued a letter to all DFS-regulated insurance entities providing guidance and requesting assurance that all regulated entities have preparedness plans to...more

Pillsbury Winthrop Shaw Pittman LLP

The Coronavirus and Event Cancellation Insurance Coverage

Event cancellation insurance policies might well cover the significant financial losses that will result if an entertainment or sporting event is cancelled due to the coronavirus. Event cancellation insurance policies...more

Hogan Lovells

Fever in the morning, Cover all through the night: Insurance and planning for the effect Coronavirus on business

Hogan Lovells on

COVID-19 has already had a significant economic impact, which is likely to increase as Wuhan- and Italy-style lockdowns of large regions are implemented in other areas across the globe....more

Sheppard Mullin Richter & Hampton LLP

Dealing with the Financial Impact of the Coronavirus

With the continuing spread of the Coronavirus Disease 2019 (“COVID-19” or “coronavirus”), hospitality service providers are facing a number of issues that have already exacted a heavy financial toll. With consumers staying...more

Snell & Wilmer

Commercial Impact From the Coronavirus Outbreak – Review Force Majeure and Material Adverse Change Clauses, and Potential...

Snell & Wilmer on

Businesses across a wide range of industries are grappling with how to address the practical and legal concerns that have been created by the COVID-19/coronavirus outbreak. Businesses have started asking when and how they...more

Pillsbury Winthrop Shaw Pittman LLP

COVID-19 Insurance Checklist

Make an inventory of risk pathways that could affect your business. Identify essential supply chains, raw materials or parts providers and service providers to assess impact of potential disruptions....more

Bradley Arant Boult Cummings LLP

2018 Allianz Risk Barometer Highlights Business Interruption and Cyber as Two Most Important Risks of New Year

Allianz’s yearly survey of nearly 2,000 risk experts from 80 countries highlights business interruption and cyber incidents as the top two major threats for companies through 2018 and beyond. Forty-two percent of responses...more

Farella Braun + Martel LLP

Insurance When the Internet Goes Down

Business interruption coverage is now a staple of many companies’ insurance programs. One of the “optional” first-party property coverages included in standard property policies, it is intended to compensate companies for...more

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