As the COVID-19 crisis continues to unfold, numerous art industry businesses are suffering substantial lost revenue. The question of whether you are insured against significant business interruptions is a complicated but critical question.

On March 26, Pryor Cashman held a virtual discussion of this emergent insurance issue, hosted by Art Law practice group leaders Bill Charron and Megan Noh and the head of Pryor Cashman’s Insurance Recovery + Counseling group, Chris Loeber. 

THIS WEBCAST APPLIES TO:

• Museums;

• Galleries;

• Advisors and appraisers;

• Conservators and authenticators; 

• Art shippers; and

• Other art businesses, particularly those with physical places of congregation. 

WHAT WE COVERED: 

• Basic relevant policy clauses; 

• Relevant legislative developments;

• Facts and circumstances creating bases to assert a business interruption claim with an insurance carrier; and

• Strategic considerations in asserting such a claim.

Please  click here to view a recording of the webcast. This virtual presentation lasts for roughly an hour, and includes a Q&A with our attorneys. 

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.