If COVID-19 Caused You to Stop or Curtail Operations, Check Your Policy for Crisis Management Coverage

Pullman & Comley, LLC
Contact

Pullman & Comley, LLC

If you are one of the many businesses that has been ordered to cease or significantly curtail your operations as a result of the COVID-19 pandemic, be sure to thoroughly review your insurance policies for Crisis Management Coverage. Crisis Management Coverage – sometimes known simply as Crisis Coverage – is a type of insurance designed to respond to the immediate effects of a widespread disaster or other public emergency that forces your company to close. These policies provide a modest sum of money to address unexpected increased costs and liquidity problems associated with a crisis closure.

Many policies with Crisis Management Coverage require near-immediate notice, sometimes in as little as 24 hours. Accordingly, if you do have such coverage, you should act immediately to submit a claim. If it turns out that the claim was unnecessary, you can always withdraw it. The specific language of your policy will control what triggers your Crisis Management Coverage, and how to claim it. Be sure to carefully consult your policy language to determine what types of coverage might be available to respond to the effect of the COVID-19 crisis on your business.

[View source.]

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Pullman & Comley, LLC | Attorney Advertising

Written by:

Pullman & Comley, LLC
Contact
more
less

Pullman & Comley, LLC on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.