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Law Firm Business Interruption Claims: Point–Counterpoint


Presented By: DRI's Insurance Law Committee and LawyerGuard

DRI is not only the Voice of the Defense Bar, it is also an invaluable resource for its members in an immensely difficult time. While the hospitality industry is making headlines and has been one of the industries most profoundly affected by COVID-19, the legal industry is certainly taking its lumps. This is especially so for litigators, as court operations have been greatly streamlined and it is difficult to say when we will have our next jury trials. As a result, many law firms will turn to their insurance carriers, asserting business income loss claims. Some already have and are in litigation with their carriers. Are law firms entitled to insurance coverage for their lost revenue? Jonathan and Rick will address one side of the debate, while Mary, a policyholder lawyer will address the other side. The audience will be treated to a spirited discussion.

Who Should Attend: 

  • Any member of or decisionmaker for a law firm
  • Insurance agents for law firms
  • Insurance industry representatives, including claims professionals and underwriters
  • Attorneys assisting in the claims handling process
  • In-house counsel handling suits addressing business interruption claims

What Will You learn?:

  • The nuances of a law firm's COVID-19-related business interruption insurance claim
  • Whether being forced out of the office due to the COVID-19 pandemic may satisfy the fundamental requirements for business interruption coverage
  • Whether adverse circumstances due to the COVID-19 pandemic triggers the virus exclusion
  • What are policyholder counsel seeing with respect to these types of claims and the early response from insurance carriers
     

Jonathan Schwartz, Freeman Mathis & Gary LLP
Rick Hammond, HeplerBroom LLC
Mary Craig Calkins, Blank Rome LLP

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