Friday, March 20, 2020

Business Interruption Insurance May Not Cover COVID-19

Small-business owners banking on their so-called business disruption insurance to bail them out of the mounting losses being inflicted by the COVID-19 pandemic may be in for a rude shock.

That’s because a little-known condition of coverage put in place in 2006, a few years after the SARS outbreak, excludes coverage for any “loss due to virus or bacteria.”

Check with your insurer right now to learn if you are covered.

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