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Judge rules businesses can sue insurers for coronavirus losses
The coronavirus has upended lives and businesses around the globe. From business interruption and supply chain disruption to event and travel cancellations, we are only just seeing the beginning stages of COVID-19's impact. These articles provide valuable insights on insurance coverage, preparation tips and more to help individuals and businesses reduce exposures as the virus spreads.
Celebrity chefs including Rick Bayless, Marcus Samuelsson and Andrew Zimmerman have taken to social media to spotlight the plight of restaurants during the global pandemic, many of which have suffered millions of dollars in potentially uninsured losses.
Now, a group of New York restaurants and bars, including well-known establishments such as Ess-a-Bagel, Junior’s Cheesecake and Smith & Wollensky steakhouse, have sued their insurers in state court, arguing they are entitled to business interruption insurance coverage for losses and expenses associated with the coronavirus pandemic.
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