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Operations Update: How J.S. Held is continuing to support clients during COVID-19.

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The Effect of COVID-19 on Active Construction: Project Restarts

Though it is not yet clear how long site work will be suspended or whether certain markets will begin to open up earlier than others, there are several considerations that any Owner can take during COVID suspensions to best position their Project and Project teams...

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FEMA’s Commonly Misinterpreted ‘50% Rule’

Did you know that a residential structure is three times as likely to experience a flood than a fire over the 30-year life of a mortgage? In fact, flooding is the most common type of natural disaster in the United States and worldwide. Within the...

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The Effect of COVID-19 on Active Construction: Project Suspensions

As the headlines continue to rock an already stressed construction industry, the COVID-19 pandemic will continue to cause further impacts, varying in both type and magnitude, on active project sites, both immediately and for the months to come. Over the last few decades, the modern...

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The Effect of COVID-19 on Business Interruption Losses

In general terms, the intent of commercial property insurance is to indemnify against losses sustained as a function of covered peril to covered property. Business interruption loss is measured as a function of continuing operations, if any, deviating from probable levels but-for such property damage...

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The Effect of COVID-19 on Time Element Claims

Time element claims, including both business interruption and rental value loss are typically measured from the date of physical damage sustained to a property until the date when the damaged or destroyed property should be put back into service. Insurance policies covering such economic damages...

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The Effect of COVID-19 on the Insurance Claims Market

In this first edition, we seek to provide a brief summary of the key topics arising from the current pandemic that will affect insurance claims. Future editions of this series will provide details into how the current situation is likely to affect claim measurement for...

 
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