The COVID-19 global pandemic continues to cause mass commercial real estate vacancies throughout the US. Many buildings were ordered closed with limited notice and without proper decommissioning of building systems. These abrupt closures have created a great deal of uncertainty for property owners, including the physical and environmental conditions of their assets.
Who bears responsibility when government officials shut down a business or premises due to COVID-19? Do the insureds maintain the same duties during the crisis or are they absolved from their responsibilities?
In this post on GlobeSt.com, Partner’s Elizabeth Krol joins environmental insurance expert Jared Dubrowsy to discuss liabilities, risk mitigation measures, and insurance protection for buildings vacated during the pandemic crisis.