To assist small businesses impacted by the Coronavirus pandemic, at least seven states have already introduced legislation that would mandate insurance companies cover certain claims under commercial business interruption insurance policies. In a previous communication, WFCA explained the issues regarding business interruption insurance and urged all members to file a claim if they have such coverage. WFCA explained that, while insurance carriers are likely to dispute coverage of this loss, it important to have the claim on file in light of the many lawsuits being filed and possible legislation. As anticipated, multiple lawsuits have been filed and states are introducing legislation to require insurers to cover business interruption claims due to COVID-19.
The following states have all introduced bills that would require insurers to retroactively cover business interruption claims due to COVID-19:
- New York
- New Jersey
- South Carolina
Due to the uncertainty surrounding business interruption insurance coverage, the WFCA is strongly supporting the legislation in the above-mentioned states. It is important that the legislators and governors from these states hear from WFCA members supporting these bills. In addition, WFCA members from states other than those mentioned above should urge their state legislators and governors to introduce and pass similar bills in order to protect the viability of small businesses such as yours. Use the links below to send a letter of support via email to your state government officials and let tell them how important this issue is to your business.
To participate, simply input your street address and zip code to start and then follow the prompts. The system will automatically match you with your state reps based on your mailing address. To complete the campaign and to allow your elected officials to respond to your email, the campaign will also ask for your full name, city and state of residence, phone number, and email address.
It is important that if your state is listed below, you use the link provided. For the other 43 states, please use the "Campaign for All Other States" option.