The Superior Court of D.C. recently ruled in favor of an insurance company, finding that a typical property insurance policy does not provide business interruption coverage for losses sustained by restaurants during COVID-19 shutdowns.
Rose's 1, LLC, (Rose's), which owns and operates several prominent D.C. restaurants, was forced to close their doors and suffered serious revenue losses after Washington D.C. Mayor Muriel Bowser ordered the closure of all non-essential businesses amidst the pandemic.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now