COVID-19 Resource Kit: Business Response (Insurance)

Summary

The impact of COVID-19 on both public health and business has triggered a barrage of insurance claims across the entire spectrum of traditional coverages. Because of the pandemic, clients are experiencing loss that arises from circumstances ranging from business interruption and event cancellation to illness and death. This activity also comes with a wide-sweeping regulatory aspect that has developed with staggering speed. Across jurisdictions, regulators issued provisions that took products, sales and delivery systems, coverage, and claims handling outside traditional confines and into an extra-contractual realm. As a result, an attorney's work for the foreseeable future—whether that representation involves bankruptcies, business entities, corporate transactions, data security, the workplace, finance, real estate closings, civil litigation, or a myriad of other matters that occur within a general practice—is certain to include an insurance aspect.