Corona Chronicle #41: Insurance and lawsuits during COVID-19- Ben Wolkov- Miami, FL

Key Takeaways

1. Focus today is mainly on the Thomas Keller lawsuit against his insurance company
2. Fine dining is being hit hardest in our industry; it's a business model that doesn't translate AT ALL to pickup only
3. US insurance companies have approx. 800 billion put away for claims; that is nowhere near enough to fund the US restaurant industry during COVID-19
4. If you have "business interruption" insurance you should probably file a claim
5. Most insurance policies have a window of time after the even before you can no longer file a claim; act quickly
6. Many policies have a "virus exclusion" so be aware of that before you file a claim
7. Use social media to gather public support

Resources mentioned in this Chronicle:

• Email: [e-mail]
• Here is a link to the AXS Law Group YouTube channel
• And more specifically a playlist related entirely to COVID-19 and the law