As East Texas businesses and companies navigate the COVID-19 pandemic, they should take stock of existing insurance policies that may provide coverage for:
Because of this unprecedented pandemic and the government’s response, your business may encounter several issues which could make you eligible to file a claim under one or more types of insurance policies. Examples of these issues and the types of insurance that may provide coverage are:
Policy language varies widely, so there are no universal answers about whether a COVID-19 related issue will be covered. Some policies will have exclusions for contamination, pandemics, bacteria or viruses, or the exercise of “civil authority.”
Policies must be read as a whole. It can be difficult to decipher when a coverage or exclusion applies. DO NOT rush to judgment about whether a claim is covered or an exclusion applies. Likewise, insurance employees and agents should not be relied upon to provide you with an unbiased perspective on these issues. The attorneys at Biggs & Greenslade PC can provide a FREE initial assessment of your policy to help determine if you have a viable claim.
Keep detailed records of everything that affects your business and the steps that you take. Maintaining a timeline of events will be very helpful when the time comes to file a claim. For example:
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