Business Interruption Insurance: Lessons Learned from the Pandemic
Overview:
The COVID-19 pandemic is drastically affecting today’s global economy. Because of temporary closures and disrupted supply chains and sales, businesses today are confronted with profound income losses. This fallout has prompted an upsurge in business interruption insurance claims. Whether standard commercial policies provide coverage for virus-related income loss is hotly contested, however. Likelihood of recovery on such claims will depend on the terms and conditions of individual policies, as well as ongoing developments in litigation and legislation.
In a LIVE Webcast, a panel of key thought leaders and professionals assembled by The Knowledge Group will provide an in-depth discussion of business interruption insurance developments in the COVID-19 context. Speakers will also offer practical strategies and best practices for both insurers and policyholders.
Key issues include:
- Critical Coverages and Exclusions
- Litigation Developments
- Insurance Legislation: Trends and Updates
- Calculating the Business Income Loss
- Best Practices Amid Covid-19 Crisis
- What Lies Ahead
Agenda:
Kymberly Kochis, Partner
Eversheds Sutherland (US) LLP
AND
Benjamin Milam, Attorney
Bradley Arant Boult Cummings LLP
AND
Karl Schwabauer, CPA, CFF, CVA, Managing Director, Forensic and Litigation Services
Weaver
- Critical Coverages and Exclusions
- Litigation Developments
- Insurance Legislation: Trends and Updates
- Calculating the Business Income Loss
- Best Practices Amid Covid-19 Crisis
- What Lies Ahead
Who Should Attend:
- Insurance Lawyers
- In-House and Outside Counsel
- Claims Executives and Managers
- Corporate Risk Managers
- Agents/Brokers
- Insurance Companies
- Policyholders
Kym Kochis is co-head of Eversheds’ insurance litigation and class action defense groups. Kym counsels insurers on a wide range …
Ben Milam is an associate attorney on Bradley’s Policyholder Insurance Coverage Team. Ben’s practice includes assisting clients with insurance needs, …
Karl Schwabauer has extensive experience providing forensic accounting, economic damage assessment and valuation services. He has testified dozens of times …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE); Group-Internet Based
Prerequisite:
General knowledge of insurance coverage law
Course Code:
149139
NY Category of CLE Credit:
Areas of Professional Practice
NASBA Field of Study:
Specialized Knowledge - Technical
Total Credits:
1.5 CLE
1.5 CPE (Not eligible for QAS (On-demand) CPE credits)
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SPEAKERS' FIRMS:
About Eversheds Sutherland (US) LLP
As a global top 10 law practice, Eversheds Sutherland provides legal services to a global client base ranging from small and mid-sized businesses to the largest multinationals, acting for 75 of the Fortune 100, 68 of the FTSE 100 and 113 of the Fortune 200. With more than 3,000 lawyers, Eversheds Sutherland operates in 69 offices in 34 jurisdictions across Africa, Asia, Europe, the Middle East and the United States.
Eversheds Sutherland is a global legal practice and comprises two separate legal entities: Eversheds Sutherland (International) LLP (headquartered in the UK) and Eversheds Sutherland (US) LLP (headquartered in the US), and their respective controlled, managed, affiliated and member firms. For more information, visit eversheds-sutherland.com.
Website: https://us.eversheds-sutherland.com/
About Bradley Arant Boult Cummings LLP
Bradley is a national law firm with a reputation for skilled legal work, exceptional client service, and impeccable integrity. The firm provides business clients around the world with a full suite of legal services in dozens of industries and practice areas. Their nine offices are located in Alabama, Florida, Mississippi, North Carolina, Tennessee, Texas, and the District of Columbia, giving us an extensive geographic base to represent clients on a regional, national, and international basis. We frequently serve as national coordinating counsel, regional counsel, and statewide counsel for clients in various industries.
Although Bradley is a large law firm with over 500 lawyers, their clients still enjoy the personal attention, responsiveness, and deep relationships they would expect from a boutique firm. The fimr’s attorneys and staff combine legal experience and knowledge with sophisticated understanding of industries to work side by side with clients and come up with practical, strategic solutions specifically tailored to their businesses and operations. Bradley lawyers use their talents, judgment, work ethic, and experience to go above and beyond expectations to help our clients meet their goals.
Website: https://www.bradley.com/
About Weaver
Weaver, the largest independent CPA firm based in the Southwest, is a Texas-based, national accounting firm with comprehensive capabilities. Weaver does the things you’d expect: traditional assurance and tax services. However, Weaver also provides a wide array of advisory services including risk advisory, transaction advisory, IT advisory, energy compliance services, forensics and litigation, financial institutions consulting and public company services.
Website: https://weaver.com/
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