It should come as no surprise that the widespread – and largely unanticipated – business losses amid COVID-19 have led to novel challenges for corporate insurance policyholders.
Debates over business interruption coverage and virus exclusions in commercial policies have reached a fever pitch. The shift to remote work – and the consequent jump in cyberattacks – has raised the stakes on cybersecurity coverage terms. Meanwhile, the market for directors’ and officers’ liability insurance, which was hardening before the pandemic hit, has grown even more challenging for companies wanting protection against securities litigation as stock drop and other kinds of shareholder lawsuits increase.
These are just a few of the topics covered in the latest issue of Corporate Policyholder magazine, a publication of the Barnes & Thornburg Insurance Recovery and Counseling Practice Group. We hope the articles in this issue will not only help corporate leaders navigate the myriad insurance challenges they now face, but provide insights that can lay the groundwork for stronger, more fruitful partnerships in the difficult months to come.