Have questions about business interruption insurance claims?
Watch this free webinar presented by a group of Pennsylvania attorneys, including Schmidt Kramer partner Scott Cooper. The attorneys discuss what has been happening with these claims over the past few months. The webinar was for the Pennsylvania Restaurant and Lodging Association.
You may have heard reports in the media about insurance companies denying these claims and claiming they cannot pay these claims. However, as Cooper explains, insurance companies have an $819 billion surplus.
Many of these claims are being denied by insurance companies, sometimes within a matter of hours. They often say coverage does not apply unless there is physical damage. Some policies also have virus exclusions.
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