The Small Business Administration (“SBA”) has issued a supplemental Interim Final Rule (the “Rule”), along with additional Frequently Asked Questions issued in consultation with the Department of Treasury (released on Friday, April 24, 2020 (as further modified on Sunday, April 26, 2020)), each providing additional guidance with respect to the implementation and administration of the

In a case where no insurance company or insurance claim was involved, the Pennsylvania Supreme Court issued a ruling that could potentially negate one of the insurance industry’s standard bases for denial of coverage of business income claims—i.e. that COVID-19 did not result in “direct physical loss to insured property.”  The decision will likely be

The Small Business Administration (“SBA”) has issued a supplemental Interim Final Rule (the “Rule”) providing additional guidance with respect to eligibility criteria under the Paycheck Protection Program (“PPP”). The Rule focuses primarily on qualified self-employed individuals as well as independent contractors. Here are the key components:

Who is eligible?

  • Self-Employed individuals are eligible to receive

Following in the footsteps of numerous state legislatures that are attempting to compel insurance companies to retroactively cover COVID-19 related business income losses, the Federal government may be taking action. A discussion draft of a bill that would establish a Federal program is being developed.  The program, currently named the “Pandemic Risk Insurance Act of

Major changes were made regarding what businesses are considered “essential”, through guidance issued April 9, 2020 by the Empire State Development Corporation.  New additions to the essential business list are identified below, along with a few business categories that were narrowed.  For the first time, the guidance also identified a specific list of the types