Business Interruption Insurance

You would think/hope with all the money at risk they would have some form of risk management.

I gotta think there’s a policy in place for things like hurricanes.

If some lawyer for LSU slipped in some coverage for a pandemic then said lawyer deserves a hefty pay raise

Right i guess “slipped in” isn’t the proper way to put it. But it would be amazing for LSU and other schools if they were able to include this type of once in 100 year non-weather event in the coverage when discussing with broker

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Right i guess “slipped in” isn’t the proper way to put it. But it would be amazing for LSU and other schools if they were able to include this type of once in 100 year non-weather event in the coverage when discussing with broker

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These are insurable events, unless renewed recently. Carriers are removing coverage for anything related to “communicable disease” on any new policies

Because whenever the university would attempt to make a claim on the policy, the insurance company, like in the vast majority of these sorts of policies and the related claims, would 1) deny coverage and then, 2)very quickly hire me or another defense attorney to do everything possible to keep the company from ever having to pay-up.

There are certain types of policies that it’s very difficult to get an admission of coverage on, and Business Interruption Policies definitely fall into that category.

It ain’t pretty, but it’s the honest to God’s truth...

GEAUX TIGERS!!!

Wimbledon and The British open had pandemic coverage, and if I recall they paid $1M per year so it ain’t cheap. This is one reason they were so quick to cancel those tournaments.

It’s highly unlikely that schools have this coverage for their football programs.

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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.

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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

I saw some of those. They covered specific named diseases. Basically thing that were already known about and being prevented. If it was a new disease and not named specifically in the policy. Then no coverage.