Business Interruption Insurance for COVID-19

By: Brian J. Pfeil The restrictions put in place to halt the spread of COVID-19 – such as limiting crowd size, closing restaurants and taverns, and shuttering of professional sports leagues – are critically stressing many of your businesses. One possible form of relief to the financial stress is insurance coverage, including business interruption and…

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Impact of COVID-19 on Supply Chain Contracts and Responding to Force Majeure Claims

By: Joseph E. Tierney IV Has COVID-19, the coronavirus, caused supply chain problems for your business?  Review your contracts for a “force majeure” clause.  A force majeure clause is a common provision in contracts.  It is a contractual provision allocating the risk of loss if performance becomes impossible or impracticable, especially as a result of…

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