Bar-Maggedon: NYC Restaurants, Landlords Grapple with Shutdown

March 16, 2020 – Media Mention
The Real Deal

Partner and chair of Herrick's Insurance & Reinsurance Group, Alan Lyons was quoted in an article in The Real Deal on the insurance options available to businesses facing mandated closures as a result of the coronavirus. Lyons noted that many business interruption insurance policies cover only losses resulting from direct physical damage, under which the coronavirus does not fall in many policies.

“Here we are dealing with a virus that is invisible and whether the virus has triggered the [required] physical loss or damage is something that is going to be litigated and decided by the courts,” Lyons said.