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Top 10 Signs that May Indicate Financial Distress

June 19, 2020The business world has been turned upside down with COVID-19 and the financial disruption it has created. Once healthy businesses are taking protective measures to remain viable. The impact of this health and financial crisis has affected nearly all industries in some manner. Being aware of areas or issues where your company is vulnerable is critically important. We have identified ten signs to look for when evaluating whether your company has some degree of financial distress. Posted by Michael A. Steel Client Alert

Only Courts Can Decide if COVID-19 Chaos is Included Under Business Interruption Coverage

April 21, 2020Despite 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