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ARTICLE · 19 MARCH 2020

COVID-19: Insurance Considerations For Business Disruptions

Gowling WLG
Gowling WLG
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Gowling WLG

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It has been more than a month since the World Hearth Organization declared Coronavirus Disease 2019 ("COVID-19") a Public Health Emergency of International Concern.

CanadaInsurance

It has been more than a month since the World Hearth Organization declared Coronavirus Disease 2019 ("COVID-19") a Public Health Emergency of International Concern. Several people in the United States have become infected despite having no known connection to a previous case, and Canada confirmed its first "community spread" case last week. As the spread of the virus begins to have a ripple effect on global industry and markets – and ever-increasing travel restrictions are put in place – supply chain disruptions are beginning to impact businesses and consumers worldwide.

Businesses are turning their minds to their supply chains and other areas of risk: the 90th Annual Geneva Motor Show has been cancelled; Hyundai has suspended its production in South Korea due to supply shortages; and speculation is growing around the possibility that the 2020 Olympic Games in Japan will be canceled or postponed. The current trajectory of COVID-19 suggests that it may have an

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