Can Businesses Win the Fight Over Covid-19 Insurance Claims?

The video discusses the impact of COVID-19 on businesses, focusing on the challenges they face with business interruption insurance claims. Many businesses, including theaters and restaurants, have had their claims denied due to virus exclusions in their policies. The video explains the criteria for business interruption insurance coverage, highlighting the need for physical damage. Legal challenges are ongoing, with courts needing to decide if COVID-19 causes physical damage. The insurance industry has been cautious, having learned from past outbreaks like SARS, and has included virus exclusions in policies. The video concludes with a discussion on the need for government intervention and the long-term nature of litigation in this area.

What challenges do business owners face when trying to claim business interruption insurance due to COVID-19?

What potential solutions are being discussed to address the issues with business interruption insurance claims?

How might the future of business interruption litigation look according to the text?