By Nicole Rekant and Stevan Pardo Most businesses suffering business interruption as a result of the global coronavirus pandemic are scouring their insurance policies for a way to collect. The general purpose of business interruption insurance is to compensate for losses in income caused by a damaging event. Typically, business interruption insurance is not its own separate policy, but is …
New Main Street Loan May Be Best Option for COVID-19 Financial Relief
By Linsey Lovell and Stevan Pardo On March 27, 2020 President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which authorized more than $2 trillion in stimulus, largely directed at small businesses and middle- and lower-income Americans. For businesses feeling the adverse effects of COVID-19, the CARES Act was a welcome sign of relief. The …
COVID-19: Government Relief for Businesses
By Linda Worton Jackson Author’s note: Recently, I collaborated with Overproof to present a webinar about how businesses in the hospitality and beverage alcohol industry could better prepare for the legal and economic impacts of COVID-19. The information below was included in that webinar, as well as additional insights. You can view a recorded version of the presentation here. While …
Bankruptcy as a Strategy and Not a Sign of Defeat
By Linda Worton Jackson Author’s note: Recently, I collaborated with Overproof to present a webinar about how businesses in the hospitality and beverage alcohol industry could better prepare for the legal and economic impacts of COVID-19. The information below was included in that webinar, as well as additional insights. You can view a recorded version of the presentation here. As …
Tips for Businesses to Navigate COVID-19 Employee Challenges
By Linda Worton Jackson Author’s note: I recently collaborated with Overproof to present a webinar about how businesses in the hospitality and beverage alcohol industry could better prepare for the legal and economic impacts of COVID-19. The information below was included in that webinar as well as additional insights. You can view a recorded version of the presentation here. COVID-19 …