Jared T. Greisman Weighs in on Impending COVID-19 Business Interruption Coverage Battle
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Jared T. Greisman Weighs in on Impending COVID-19 Business Interruption Coverage Battle

April 14, 2020

“The focus of the insurance world is business interruption, and BI claims are coming into insurers at a rate never seen before,” Goldberg Segalla partner Jared T. Greisman told Business Insurance.

Jared, a leader of the firm’s First-Party Property Coverage practice, explained the contours of the coming COVID-19 BI coverage battle, in which insurers will contend that there have been no direct physical damages to trigger coverage, and policyholders will content that coronavirus contamination and government-ordered closures constitute or equate to physical damage.

“Most insurers have chosen, particularly after the SARS epidemic, to make clear that pandemic-related losses—communicable disease, virus-related losses—are excluded,” Jared said.

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