The number of business interruption claims in New Jersey is growing. As more and more businesses have to shutter because of the economic fallout from the pandemic, business owners are looking to their insurance carriers for relief. Some courts have recently held that businesses aren’t covered if their policies contain a specific virus exclusion clause. However, what if there is no such clause? Some policies cover business interruption only if there is a physical loss or damage to the business, but lawyers for business owners have been countering and, in some cases, winning. Their argument that loss of functionality falls within the definition of “direct physical loss or damage” is gaining traction in some courts. Of course, even if the attorney wins the argument, they must prove the monetary value of the damages.What is the current status of business interruption claims and where is the law headed? Join an experienced panel of economic, accounting and legal professionals as they discuss recovering and measuring business interruption losses. Register today to learn how you can best represent your clients if their businesses have been damaged by COVID.
Warranties for Seminars and Publications
NJSBA and NJICLE products are created by attorneys, doctors, dignitaries and other legal experts who volunteer their efforts to serve as lecturers and authors. We do not warrant the accuracy, reliability or currentness of the information contained in our programs (both live and electronic), handbooks and publications.