KJC is extremely proud to announce that two of our firm’s attorneys –Kathy Jo Cook & John Martin – have been appointed as state co-chairs of the American Association for Justice Business Interruption Insurance Committee. In this role, Kathy and John will provide fellow attorneys with the best business interruption insurance information and professional assistance needed to successfully serve their clients. This position is an amazing honor!
Business Interruption During COVID-19:
During the COVID-19 pandemic, business litigation cases have been on the rise. These cases involve contractual conflicts between businesses and their insurance companies; specifically, businesses are filing business interruption claims due to the COVID-19 pandemic that are being rejected. What does this mean? Most commercial property insurance policies provide coverage for business income loss by adding an endorsement to the insured’s property policy. This endorsement is designed to protect the insured for losses of business income it sustains as a result of direct loss, damage, or destruction to insured property by a covered peril. Although many such clauses are in use today, a typical business income insurance clause reads as follows: