Some things are simply not insurable. There is no way for a carrier to build an underwriting model that would provide a template for evaluation of the potential loss exposure. And without that, there is no way to estimate the required premium. Policy wording governs. If the carrier issued a policy with ambiguous wording, that’s their fault. Everything I’ve read makes it clear that the usual standard wording excludes a virus BI claim. Push this issue far enough and there will be NO coverage for BI. Or, provide coverage with a premium equal to the coverage amount. The old “fire coverage on pig iron under water with a rust exclusion”.
Some things are simply not insurable. There is no way for a carrier to build an underwriting model that would provide a template for evaluation of the potential loss exposure. And without that, there is no way to estimate the required premium. Policy wording governs. If the carrier issued a policy with ambiguous wording, that’s their fault. Everything I’ve read makes it clear that the usual standard wording excludes a virus BI claim. Push this issue far enough and there will be NO coverage for BI. Or, provide coverage with a premium equal to the coverage amount. The old “fire coverage on pig iron under water with a rust exclusion”.