Sean D. Auton, Aaron L. Hammer and Matthew R. Barrett will discuss COVID-19 and its impact on Contract Rights and Insurance Claims. This webinar for the Chicagoland Chapter of the Young Presidents' Organization will address questions such as:
Contract Rights under COVID-19
- I can’t perform under my contract or leases - what remedies do I have?
- What is a “force majeure” event and can it suspend or excuse performance?
- How do I declare a force majeure?
- If my contract has a force majeure provision, what remedy does that provide me or my counterparty?
- Does any Illinois statute somehow relieve contractual performance?
- Are any common law doctrines available that excuse contractual performance?
- What if I or my customer want to modify the terms of payment?
- How will federal legislation impact this analysis?
Insurance Claims under COVID-19
- My business or part of my facilities have been shut down by government order - what insurance potentially can provide me coverage for my losses?
- What “other” (i.e. non-business interruption) insurance policies do I have that may be triggered by COVID-19?
- I am incurring extensive expenses from having my employees work from home – is there any way to recoup such expenses with an insurance claim?
- Am I adequately protecting against any “remote” working losses or cyber incidents?
- What must I do now to insure against potential employee claims once somebody gets sick with COVID-19?
- My business’s insurance renewal is coming up – what new exclusions do I need to be aware of?
- Should I start tracking expenses and potential damages from COVID-19? If so, what should I do?
- What other resources may provide relief for my losses?
Please reach out to Aaron L. Hammer and Sean D. Auton for more information or to request a copy of the webinar's recording.