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ARTICLE · 06 FEBRUARY 2020

Time For A Policy Checkup: Maximizing Insurance Coverage For Coronavirus Losses

Jones Day
Jones Day
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Declared a global health emergency by the WHO, and with more than 17,000 cases already confirmed worldwide, preliminary estimates indicate that the latest coronavirus outbreak may not peak until late April 2020.

United StatesInsurance
Tyrone Childress
Tyrone Childress
Matthew L. Jacobs
Matthew L. Jacobs
Jason Lissy
Jason Lissy
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The Situation: Declared a global health emergency by the World Health Organization, and with more than 17,000 cases already confirmed worldwide, preliminary estimates indicate that the latest coronavirus outbreak may not peak until late April 2020.

The Result: Business interruption and other losses due to the continued global spread of coronavirus are projected to total in the billions of dollars.

Looking Ahead: Commercial policyholders should proactively review their insurance coverage provisions to guard against the risk of coronavirus and other infectious disease-related losses.

As the international community works to mitigate the evolving coronavirus crisis (e.g., by cautioning against and, in certain instances, restricting non-essential travel to and from mainland China), businesses are understandably concerned about the potential financial impact the continued global spread of coronavirus may have on their operations.

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