Declared a global health emergency by the World Health Organization, and with more than 17,000 cases already confirmed worldwide, preliminary estimates indicate that the latest coronavirus outbreak may not peak until late April 2020.
Business interruption and other losses due to the continued global spread of coronavirus are projected to total in the billions of dollars.
Commercial policyholders should proactively review their insurance coverage provisions to guard against the risk of coronavirus and other infectious disease-related losses.
Two Key Takeaways:
- Various types of insurance policies may respond with coverage for coronavirus and other infectious disease-related losses.
- Businesses interested in proactively managing their coronavirus exposure should accordingly evaluate the adequacy of the coverage provided under their existing insurance programs before the potential onset of such losses.
Need Help? Contact Us to Help Review Your Current Insurance Policies.
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