On Friday, March 27, 2020, members of MMM's COVID-19 Task Force hosted an online discussion of Business Interruption and Liability Issues In the Wake of COVID-19 – An Overview of Ensuing Force Majeure and Insurance Issues. Topics covered include:
- What is a force majeure clause?
- What is covered by the force majeure clause?
- Does my force majeure apply or create risk?
- Relief for disruptions caused by COVID-19
- Non-performance
- Governing law applicable to contracts
- Next steps for companies
- Insurance coverage
- Business interruption and related coverage
- Event cancellation coverage
- Workers' compensation
- Liability and other types of coverage that may be implicated
- What should policyholders do now?
