How the US Dealt with COVID – 19 Related Business Insurance Claims

According to a recently published research paper on Social Science Research Network (SSRN), early estimates show that small to medium businesses are already losing between $255 billion to $431 billion a month, and more than 44 million workers have lost their jobs in this time in the US. This is the time that people have turned to their business interruption and/or civil authority insurance policies for some succor against this disaster.

What Are Business Interruption and Civil Authority Insurance Coverage?

Business Interruption and Civil Authority covers are a part of Commercial General Liability insurance policies.

Business Interruption insurance covers the profits a business may lose due to an interruption in regular business operations

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