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Corona Chronicle #41: Insurance and lawsuits during COVID-19- Ben Wolkov- Miami, FL

Author
Inspiring interviews with todays most successful restaurant professionals 2-days a week!
Published
Fri 17 Apr 2020
Episode Link
https://restaurantunstoppable.libsyn.com/corona-chronicle-41-insurance-and-lawsuits-during-covid-19-ben-wolkov-miami-fl

Key Takeaways
  1. Focus today is mainly on the Thomas Keller lawsuit against his insurance company
  2. Fine dining is being hit hardest in our industry; it's a business model that doesn't translate AT ALL to pickup only
  3. US insurance companies have approx. 800 billion put away for claims; that is nowhere near enough to fund the US restaurant industry during COVID-19
  4. If you have "business interruption" insurance you should probably file a claim
  5. Most insurance policies have a window of time after the even before you can no longer file a claim; act quickly
  6. Many policies have a "virus exclusion" so be aware of that before you file a claim
  7. Use social media to gather public support
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