The American Property Casualty Insurance Association (APCIA) recently released a fact sheet breaking down how typical policies for several relevant commercial lines of business may (or may) not cover COVID-19-related losses. Specific lines discussed are business interruption insurance, civil authority coverage, event cancellation insurance, liability insurance, supply chain insurance, and workers’ compensation. The APCIA also explores possible impacts COVID-19 could have on the industry, including the virus’ effect on the equity market and how disruption of the global supply chain could lead to higher costs.
Hylant has a team of risk management claims professionals that focus on claims service and satisfaction. As service professionals, our risk management claims staff provides value-added solutions that target the cost of risk, including claim and litigation management. If you believe you have experienced a loss and wish to pursue coverage, we are here to help you. Reach out to your Hylant Representative for assistance.
Check out this Claim Guide developed by RWH Myers, a forensic accounting firm that specializes in the assessment, quantification and presentation of business interruption losses to insurers.
Disclaimer: Please recognize that due to the fluid nature of the COVID 19 situation advice is subject to change and is not intended as a substitute for professional legal interpretation.
Always refer to your policy(s) for specific coverages, limitations, and restrictions.
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