The National Association for the Advancement of Orthotics and Prosthetics (NAAOP) has partnered with Miller Friel, a business insurance law firm in Washington DC, to help O&P practices, manufacturers, and suppliers follow a step-by-step approach to filing a business insurance claim for COVID-19-related losses.
Miller Friel is advising its clients to follow a three-step strategy using a red light/green light approach, as follows:
1. Review relevant policies. For most businesses this will include Property and Business Income policies (Property/BI policies). If also purchased, pollution-specific policies (PLL) are also relevant.
2. Review and characterize policies as either red light or green light policies. Red light policies are those that contain a bacteria/virus or communicable disease exclusion. Green light policies are all others.
3. Immediately provide notice of claims to insurers for all green light policies. Most Property/BI policies require notice “as soon as practicable” from date of loss.
