Important COVID-19 Insurance Coverage Reminder

March 27, 2020

Share this article

AN IMPORTANT INSURANCE COVERAGE REMINDER TO ALL BUSINESSES SUFFERING BUSINESS INTERRUPTION LOSSES:

If you are a businesses suffering losses at this time from business interruption…


1. please do NOT assume that the existence of a so-called “virus exclusion” in your policy precludes coverage. If you are being advised by your brokers the purported “exclusion” applies, you might be incorrectly advised that no coverage exists under the so-called “exclusion” when, in fact, there may be coverage under applicable caselaw, legislative efforts and executive orders. As such, it would be wise to seek a second opinion from insurance coverage counsel.
2. you should keep as detailed a record of your losses as possible to support your claim, and put your insurers on notice as soon as possible at the risk of having them argue that pre-notice losses are excluded from coverage.

Should you wish to discuss your situation further, please feel free to contact us at Cooper, LLC, where I can be reached at renier@cooplerllc.com.


This release contains attorney advertising. Prior results do not guarantee a similar outcome. 

Recent Posts

April 10, 2024
In view of the myriad ways lawyers misstate, misplace or, in some cases, mistakenly weaponize the doctrine of laches, a revisit and clarification of the doctrine is worthwhile. New York Law Journal (April 2020) located at https://www.law.com/newyorklawjournal/2020/04/03/to-be-or-not-to-be-laches/
April 10, 2024
What traditional policies might provide coverage for blockchain enterprise companies with claims deriving from one of the most vulnerable aspects of a blockchain transaction: the smart contract? ABA Litigation – Insurance coverage Section (March 2020) located at https://www.americanbar.org/groups/litigation/committees/insurance-coverage/articles/2020/non-cyber-coverage-smart-contracts/
April 10, 2024
In addition to the contempt sanctions under Rule 45(g), practitioners should be mindful of the courts’ inherent authority to award attorney fees for willful misconduct. ABA Litigation – Pretrial Practice & Discovery Section (November 2019) located at https://www.americanbar.org/groups/litigation/committees/pretrial-practice-discovery/practice/2019/going-outside-the-rules-to-keep-fees-on-the-table-under-rule-45g/
April 10, 2024
Cyber-attacks are in the news every day, yet too many businesses lack adequate coverage. Businesses should carefully analyze whether they have potential products liability claims that may be asserted where software defects played a role in the cyber-attack. New Jersey Law Journal (December 13, 2019) located at https://www.law.com/njlawjournal/2019/12/13/tapping-into-a-vendors-products-liability-coverage-an-option-to-consider-for-malware-based-cyber-breaches/
April 10, 2024
Cooper LLC represented its long-time client, owner of firm clients Fancort Industries, Inc. and NES Company, Inc., in the purchase of RDO Induction LLC’s assets and related financing.
By Ryan J. Cooper • March 10, 2020
The unprecedented spread of the novel coronavirus COVID-19 is upending business continuity plans. In particular, cyber- and digital-infrastructure, supply chain, and security are being tested daily. The following tips are drawn from the U.S. Department of Homeland Security’s Cyber-Infrastructure (“CISA”) Insights. CyberThreats Exploiting COVID-19 Malicious actors are exploiting user-demand and interest for breaking news and […]
By Renier Pierantoni • October 8, 2019
The world changes, we do not, therein lies the irony that kills us.                                                         ― Anne Rice, Interview with the Vampire In an attempt to meet the demands […]
By Ryan J. Cooper • September 13, 2019
Cooper, LLC is proud to announce that Renier P. Pierantoni has joined their firm. With more than twenty years of experience as a litigator, entrepreneur and educational leader, Renier P. Pierantoni expands Cooper, LLC’s commercial litigation practice group. His depth of experience in business litigation will be a great compliment to Cooper, LLC’s role as […]