Require business interruption insurance to cover COVID-19 related business closures
| Posted: | March 19, 2020 02:46 PM |
|---|---|
| From: | Senator Vincent J. Hughes |
| To: | All Senate members |
| Subject: | Temporary change for Business Interruption Insurance during the COVID-19 pandemic |
In the near future I plan on introducing legislation to address the concerns around business interruption insurance during the COVID-19 pandemic.
As the realities of the COVID-19 pandemic set in, it has come to my attention that a provision included in many business insurance policies prohibit payments on claims if a loss is to do an outbreak during a public health emergency.
This provision has potential to harm businesses which are already facing uncertain times.
