Coronavirus (COVID-19) News, Information, Bulletins and Advisories

With the recent pandemic of the coronavirus, some business owners may be wondering whether their insurance policies cover losses resulting from a business shut down or other losses related to the coronavirus.  Under the business income policy, there likely is no coverage as losses occurring as a result of a virus or bacteria are typically excluded. Business owners with questions about their coverage should contact their agent/broker or insurer directly and consider whether it is in their own best interest to file a claim.  Please note that the North Carolina Department of Insurance does not have the authority to require insurers to extend coverage under the policy where specifically excluded or to sell this type of coverage to consumers.