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Business interruption insurance as a means of spreading pandemic-related losses

Author

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  • Piotr Tereszkiewicz

    (Jagiellonian University in Krakow
    University of Leuven (KULeuven))

Abstract

This article discusses business interruption insurance as a measure of spreading risk in the context of the COVID-19 pandemic. In drawing a picture of how business interruption insurance has been handled and governed to date by courts and regulators in the U.K., Australia and the U.S., the contribution is specifically concerned with providing tentative answers to two questions: first, whether the design and interpretation of business interruption policies have made it a suitable means of spreading pandemic risks for policyholders; and second, how methods of resolving disputes over pandemic-related losses could improve the position of policyholders in relation to the insurance sector.

Suggested Citation

  • Piotr Tereszkiewicz, 2023. "Business interruption insurance as a means of spreading pandemic-related losses," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 48(3), pages 714-732, July.
    • Handle: RePEc:pal:gpprii:v:48:y:2023:i:3:d:10.1057_s41288-023-00295-9
    DOI: 10.1057/s41288-023-00295-9
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    References listed on IDEAS

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    1. Tom Baker, 2002. "Liability and Insurance after September 11: Embracing Risk Meets the Precautionary Principle," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 27(3), pages 349-357, July.
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