As the COVID-19 crisis continues to unfold, numerous art industry businesses are suffering substantial lost revenue. The question of whether you are insured against significant business interruptions is a complicated but critical question.

On March 26, Pryor Cashman held a virtual discussion of this emergent insurance issue, hosted by Art Law practice group leaders Bill Charron and Megan Noh and the head of Pryor Cashman’s Insurance Recovery + Counseling group, Chris Loeber.

THIS WEBCAST APPLIES TO:

• Museums;
• Galleries;
• Advisors and appraisers;
• Conservators and authenticators;
• Art shippers; and
• Other art businesses, particularly those with physical places of congregation.

WHAT WE COVERED:

• Basic relevant policy clauses;
• Relevant legislative developments;
• Facts and circumstances creating bases to assert a business interruption claim with an insurance carrier; and
• Strategic considerations in asserting such a claim.

Please click here to view a recording of the webcast.This virtual presentation lasts for roughly an hour, and includes a Q&A with our attorneys.

Our attorneys continue to monitor the impact of coronavirus on the markets, and we have developed a dedicated COVID-19 Resource Library to provide insights on regulations and/or changes to the law. Please contact your Pryor Cashman attorney for specific advice or counsel.