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:
• 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.