Brennan, Manna & Diamond
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Everything you need to know about BMD and the industry.
Client Alert
Only Courts Can Decide if COVID-19 Chaos is Included Under Business Interruption Coverage
April 21, 2020
Despite paying insurance premiums for years, businesses are now being told by insurance companies and brokers that the business interruption coverage in their policy does not apply to coronavirus losses. However, the question of whether business interruption coverage extends to losses caused by the current pandemic will ultimately be answered by the courts, not insurance carriers. These legal decisions will depend upon the specific language of the policy and the facts and circumstances surrounding the claim.
Posted by
Kyle A. Johnson & Hal DeSaussure
Client Alert
Is Insurance Available for Coronavirus Losses?
March 27, 2020
The shutdown of non-essential businesses in Ohio and other states, as well as the economic impacts caused by the coronavirus, are forcing businesses to evaluate all options to keep their doors open and their staff employed. Many businesses are asking whether their insurance policies provide for the recovery of lost business income and expenses due to the coronavirus.
Posted by
Kyle A. Johnson, Robert A. Hager, Justin M. Alaburda, Jeffrey C. Miller and Justin M. Lovdahl
Client Alert
IRS Issues Guidance Relating to High Deductible Health Plans and Coronavirus Testing
March 12, 2020
In response to the Coronavirus/COVID-19 pandemic, the IRS has released guidance in Notice 2020-15 relating to the testing and treatment for individuals covered by a High Deductible Health Plan (HDHP).
Posted by
Priscilla A. Grant