Douglas Christian | Ballard Spahr
Among the legal issues presented by the coronavirus outbreak is the extent to which insurance policies may provide relief for virus-related losses. Proactive businesses are reviewing the specific risks they face and looking for ways to manage those risks through their existing policies and additional coverage available in the insurance market.
Businesses face numerous risks, and potential insurance coverage for them, including:
- Losses due to property damage and business interruption (property policy)
- Third-party liability (commercial general liability, directors & officers, or errors & omissions policies)
- Employment-related liability (employment practices and workers’ comp policies)
- Supply chain and trade disruption (trade disruption, credit, and other policies)
- Event cancellations (event cancellation policy)
- Liability for medical costs (health insurance and other policies)
Our Insurance Group can help manage coronavirus risks by advising on: rights and obligations under insurance policies; possible enhancements to existing coverage; and proper presentment of a claim under the policy.