Businesses across the country closed their doors under mandates from their local governments. Here, a Royal Farms in Baltimore, Md., outlined its safe business practices for employees and customers. (Photo: Diego M. Radzinschi/ALM)
Policyholders are hailing two recent victories in their pursuit of insurance coverage for COVID-related business interruption losses. A North Carolina court granted a policyholder summary judgment that a commercial property insurance policy covers business interruption losses resulting from COVID-related government shutdown orders. Meanwhile, a Florida federal court determined a "virus exclusion" does not preclude a policyholder from pursuing insurance for COVID-related business interruption loss. These decisions reject the insurance industry's position that COVID-related losses are not covered by insurance.
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