New Jersey Pulls Bill to Ensure Business Income Coverage for Small Business COVID-19 Losses
Time 1 Minute Read

Last week, we reported that the New Jersey General Assembly passed a bill that would force property insurers to cover certain business interruption losses arising from COVID-19.  The bill presented a lifeline to small businesses in New Jersey that are being racked by the economic fallout stemming from COVID-19.  Before reaching the New Jersey Senate, however, the bill was pulled from consideration with little explanation.  The bill’s sponsor, Assemblyman Roy Freiman, D-16th District, reportedly stated that, in lieu of the legislation, insurers would be given the opportunity to provide coverage, or not, and have their reputation judged accordingly.  Assemblyman Freiman’s office has also reportedly said that the bill was pulled so that further discussions with representatives of insurers could be had.  Michelle Timoni, Chief of Staff for Assemblyman Freiman, explained that this would “give companies the opportunity to come forward with their own plans to proactively address the issue — and we want to allow them a few days to do so.”

  • Partner

    Mike is a Legal 500 and Chambers USA-ranked lawyer with more than 25 years of experience litigating insurance disputes and advising clients on insurance coverage matters.

    Mike Levine is a partner in the firm’s Washington, DC ...

  • Special Counsel

    A nationally recognized insurance coverage litigator, Lorie handles all aspects of complex, commercial litigation and arbitration for policyholders. Chambers-ranked and recognized as a “top 10 Super Lawyer,” Lorie has ...

  • Partner

    Kevin is a commercial litigator focusing on insurance coverage disputes and counseling on behalf of policyholders. His educational background and prior experience as an insurance broker and advisor provide him with a deep ...

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