First party claims arising from COVID-19 business interruptions
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First party claims arising from COVID-19 business interruptions

1 year ago · 3 min read · AICPA Insights Blog

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The economic consequences of the COVID-19 pandemic on businesses have yet to be fully comprehended by the business community. With many businesses being forced to close either due to government shutdown orders or simply due to a lack of customer base in light of quarantines, the effects can be long-term and detrimental to businesses that simply cannot afford to shut their doors.

During these difficult times, many insurance carriers are not covering claims for these interruptions. Although business interruption insurance

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