Business Interruption

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After nationwide government shutdown orders forced museums, galleries, theaters and other performance venues—as well as restaurants and other places of public accommodation—to close their doors, many organizations turned to business interruption insurance policies to try to recover some of their devastating financial losses.  As previously covered on this blog in…
Continue Reading Art Institutions Will Not Find Financial Relief Under Business Interruption Insurance Policies In U.S. Courts—Where Will They Find It?

On December 15, 2020, Judge Lorna Schofield of the United States District Court for the Southern District of New York dismissed a Manhattan art gallery’s claims for insurance coverage for losses suffered as a result of the gallery’s suspension of business operations during the COVID-19 pandemic.[1]  The decision—one of…
Continue Reading UPDATE: Southern District of New York Dismisses Art Gallery’s Insurance Claims for COVID-19 Business Interruption Losses

Art institutions across the globe have been particularly hard-hit by governmental shutdowns in the midst of the COVID-19 pandemic.  In the United States, not only have shutdowns deprived numerous for-profit and not-for-profit art institutions of their primary source of revenue, but in many cases these institutions’ classification as “non-essential” have…
Continue Reading Pardon the Interruption: Potential Paths Forward for Art Institutions Seeking COVID-Related “Business Interruption” Insurance Coverage