Law Lingo™ Series

Keosian Law LLP’s Law Lingo™ Series (Video No.1)

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Keosian Law LLP

16530 Ventura Boulevard, Suite 555
Encino, California 91436

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(877) 554-2226

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(818) 986-9341

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For weeks now, we have all witnessed the devastating impact of Covid-19 on our way of life and economy. Businesses across the globe – whether retail, manufacturing, hospitality or technology – have closed their doors due to government mandates or health scares over the spread of the Coronavirus disease. It is unlikely that any business will emerge from this health and economic crisis unaffected. It will definitely be an uphill battle to recover so we want to urge you to remain strong and hopeful.

Many insurance policies and endorsements may cover losses due to business interruption – from loss of income to expenses incurred in closing down a business or changing the way business is conducted. Insurers, agents and brokers will tell you that business interruption under the present Covid-19 circumstances is not a covered loss because of the lack of actual physical damage to your business property. However, the question is not whether physical losses from the virus are covered but whether the insured has suffered the physical loss of its business property due to government-mandated closures to minimize the spread of this horrible virus. It is this delineation that potentially triggers the business interruption clause in an insurance policy.

How do you know if your policy covers losses due to Covid-19? Just like most insurance policies, legal nuances create confusion and uncertainty. We can review a complete copy of your policy, along with its endorsements and exclusions, to advise you if you have potential coverage. We are all in unchartered territory right now with the global pandemic and given the daily evolving developments both in the legal field and in the insurance industry, especially in the state of California, we urge that you seek a legal analysis and interpretation of your policy.

We can evaluate your business insurance policy and if appropriate, file a business interruption claim. Please note that there is no fee associated with our review of your policy.

Stay well, stay strong, and stay safe!

877.554.2226 | info@keosianlaw.com

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