Articles Tagged with Business Interruption Insurance and COVID-19

June 16, 2021

Park Ridge Bar Loses Claims for Business Interruption Insurance Coverage

Business interruption insurance & COVID

Should business interruption insurance cover losses due to the COVID-19 shutdowns, even if said insurance policy contains a virus exclusion?

A bar and restaurant based in Park Ridge and a former jewelry store in Chicago have gone to the U.S. 7th Circuit Court of Appeals to argue that their policies with West Bend Mutual Insurance Co. should cover such losses, which they say are due to the Illinois state government orders, not the virus itself. (Mashallah Inc. et al. v. West Bend Mutual Insurance Co., U.S. Seventh Circuit, 21-1507)

March 23, 2020

Business Interruption Insurance and the COVID-19 Pandemic

by George Bellas

What to do when your business is forced to close due to the CoronaVirus?

Does your business insurance policy cover the lost business due to the pandemic? Most businesses carry commercial property insurance, which often includes business income coverage provisions.

Recent events have caused our Chicago area business clients to raise questions as to what to do when their business is forced to close by Governor Pritzker’s “Stay-At-Home Order.” Business owners have some options they might want to consider.