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NJ Business Interruption Insurance COVID-19

The New Jersey Legislature has a bill pending that would require certain property insurers (that include loss of use and occupancy and business interruption) shall include the provision of coverage for business interruption from the COVID state of emergency. We have been advised that the NJ Legislature may meet virtually tomorrow and may take up this bill. So far, the bill has been reported out of one committee of reference. Schedules and agendas could change quickly.

Anyone interested in this legislation can access the most current online version of the bill is linked here.

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