Legal Focus: Deterioration of physical assets could be the next Covid-19 BI battleground
There have been relatively few cases concentrating on indemnification for physical damage resulting from cessation of business activity, rather than being a trigger for it
While claims for physical damage caused by the imposition of government-mandated Covid-19 lockdowns do exist, some insureds are seeking to set a new precedent by claiming for deterioration of their assets against all-risk and business interruption policies