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re: Business Interruption Insurance

Posted on 8/11/20 at 5:14 am to
Posted by ItTakesAThief
Scottsdale, Arizona
Member since Dec 2009
9220 posts
Posted on 8/11/20 at 5:14 am to
After HN1, Swine Flu, and SARS most insurers put virus and bacteria exclusions in their policies among other things that would exclude coverage for these types of things.

So unless there is specific coverage theough Lloyd bought for this or the insurance company did not change the policy like the vast majority of insurers there would be no coverage for this.
Posted by chimesstreet
Bucks County, PA
Member since Jan 2008
1296 posts
Posted on 8/11/20 at 7:43 am to
quote:

So unless there is specific coverage theough Lloyd bought for this or the insurance company did not change the policy like the vast majority of insurers there would be no coverage for this.





Even businesses with specific pandemic policies are being denied coverage.

"The lawsuit seeks court affirmation that the insurer must cover Oceana Grill’s lost revenue because the restaurant paid for a policy that covers risks from all pathogens except those introduced through “terrorism or malicious use.”"


Article - Businesses Thought they Were Covered
This post was edited on 8/11/20 at 7:47 am
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