Which insurance lines will be most impacted by the COVID-19?

We ask CLM members and fellows about the business areas they see being affected by the coronavirus.

March 09, 2020 Photo

Which insurance lines will be most impacted by the COVID-19 (coronavirus) outbreak, and how?

“Product lines most likely to be impacted immediately are specialized commercial property policies for contingent business interruption arising from disruptions to a supplier or customer; policies for hospitality and health care businesses suffering a shutdown from ‘communicable and infectious diseases’; and policies written for health crises such as potential pandemics.”

Paul White, Partner, Wilson Elser Moskowitz Edelman & Dicker LLP. CLM Member since 2016.

“COVID-19 is teetering on becoming a pandemic. If not contained, it has the potential to impact many different lines of insurance. Already, we are seeing worldwide disruptions in the areas of hospitality, transportation, and events. The virus’ long-term impact depends on its rate of contagion and the case fatality rate—both of which are unknown at this time.”

Nichol L. Bunn, Partner, Lewis, Brisbois, Bisgaard & Smith LLP. CLM Member since 2010.

“Commercial property insurance (ie. business interruption/business income) is impacted most given business closures and/or supply-chain risks linked with such an event. Questions include whether coverage excludes pandemic, epidemic, or communicable disease, or whether there are endorsements for coverage to the policy.”

Alonzo Johnson, Risk Management and Liability Manager, City of North Las Vegas. CLM Fellow since 2009.

“Every organization’s insurance programs are unique. Non-damage business interruption and parametric solutions may become more attractive options to insureds who wish to take a fresh look at balancing cost and risk, and who wish to explore a strategy that complements traditional insurance with alternative approaches.”

Nancy Green, Executive Vice President, Strategic Account Manager, and Co-Leader of Aon’s Hotel Industry Focus. CLM Fellow since 2017.


Number of confirmed COVID-19 cases in the U.S., as of Feb. 18, 2020.

Source: Livescience


COVID-19 death rate in China, based on an analysis of 44,672 confirmed cases reported between Dec. 31, 2019 and Feb. 11, 2020. However, the death rate varied greatly by province.

Source: Chinese Center for Disease Control and Prevention


Number of U.S. states with confirmed COVID-19 cases, as of Feb. 19, 2020.
Source: CDC


Number of days after exposure that symptoms from COVID-19 may begin to appear, although they could begin as early as two days after exposure.

Source: MedlinePlus


Number of confirmed COVID-19 cases outside of mainland China as of Feb. 21, 2020.

Source: CNN


About The Authors
Phil Gusman

Phil Gusman is CLM's director of content.  phil.gusman@theclm.org

Sponsored Content
Daily Claims News
  Powered by Claims Pages
About The Community

CLM’s Property Committee provides education relevant topics, practical skills, and innovative strategies for handling property claims and litigation related to coverage and insurance claims for CLM’s members and fellows.

Community Events
No community events