Our sources in the insurance industry recommend this:
The ‘loss of business’ insurance is not covered under the COVID-19 pandemic, however, they are recommending we file the claim. You will likely have a claim dollar amount listed in your policy. It will likely get turned down. However, if State or Federal legislation intervenes and if coverage is in any way determined to be effective we would want your claim to be on record and not be jeopardized by a late reporting provision requirement in the policy.
To view our members in the insurance sector, click here. If you are an insurer in the Memphis area, we would love to have you as a member.
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