03.16.2020
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Selena Linde Extensively Quoted in Risk & Insurance - Can Insurance Really Save Retail and Hospitality From the Coronavirus Pandemic?
03.16.2020
|
General News
Selena Linde was extensively quoted in “Can Insurance Really Save Retail and Hospitality From the Coronavirus Pandemic?” an article in Risk & Insurance, regarding how insurance policies can help companies in the coronavirus pandemic.
“It is absolutely critical that companies closely review all policy language,” said attorney Selena Linde. Selena spoke during a recent webinar on what coverage options retail and hospitality employers have during the virus.
“While certain insurance policies, like event cancellation and supply chain trade disruption policies, will likely cover coronavirus claims, it will be more difficult to establish coverage under your company’s traditional policies.”
“This is also critical because… voluntary cancellation is usually not covered under any of these policies,” Selena said. “But if your speakers cancel that would be covered and then it’s no longer considered a voluntary cancellation.”
“Our recommendation is broad notice of circumstance for this event,” she said. “If you’ve got a notice of circumstance, if you can document anything in lines with the policy and if obviously you still have limits left in that policy, then it’s worth it.”
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