Dear Clients, Colleagues and Friends:
The coronavirus (COVID-19) is increasingly impacting all of our daily lives.
We share your concern for the health and safety of those here at home
and around the country as this pandemic develops in ways that were unimaginable
just a few weeks ago. I would like to assure you that Weg and Myers, P.C.
has a business continuity plan in place. We remain fully functional and
committed to the continued representation of our clients. Most importantly,
we recognize that our clients will face a number of issues related to
COVID-19 and the resulting business disruptions. To help you navigate
this crisis and to help you stay informed, we have chosen to provide you
with the following guidance.
As you may already be aware, Business Interruption insurance and Law and
Ordinance coverage has been the subject of considerable dialogue in the
business community that we serve. While most businesses carry Business
Interruption insurance and Law and Ordinance coverage, not all losses
are going to be covered due to exclusions and limitations within your
policies. While many policies will expressly exclude coverage under these
circumstances, there are significant exceptions. Therefore, a careful
review is warranted. We would recommend that whether coverage is clear
or not our clients should timely file a notice of claim pursuant to the
policy terms and conditions in order to avoid forfeiting an otherwise
valid claim on technical grounds.
An additional source of relief for those not so fortunate to have coverage
for losses may come from legislation that is currently being discussed
that may provide federal funding to potentially relax obstacles to Business
Interruption and Civil Authority claims. We are carefully monitoring these
discussions and are optimistic that future State or Federal relief will
become available to make this possible. We plan to keep you posted on
all developments regarding these issues in future posts on our website.
If we can be of any assistance, or if you have questions, we would like
to help. Just call our office (212) 227-4210. Ask to speak with Cynthia
Rexach to schedule a teleconference or Zoom conference. If you prefer
to use e-mail, Cynthia can be reached at
Crexach@wegandmyers.com.
Thank you for your continued trust during this challenging time.
Sincerely,
Dennis T. D’Antonio
Nationwide Representation of Policy Holders
Formidable Legal Opponent In The Courtroom And At The Negotiating Table
We have been representing the rights and interests of insurance policy
holders, including many corporations, for over 40 years. When Weg &
Myers takes a case, opponents take notice. The law firms and insurance
companies we come up against know if we’ve taken a case, there is
a good reason to believe it is meritorious. A $20 million jury verdict
in connection with a Superstorm Sandy loss; a $15 million verdict on behalf
of a client against its insurance carrier for property damage to client’s
Manhattan building caused by adjacent construction; a $30 million verdict
in the Southern District of New York against an insurance company improperly
withholding life insurance benefits; and a $150 million business income
claim settled with insurance company who wrongfully denied policy holder’s
rights, are the type of successes we have achieved for our clients.
With a small handful of attorneys, Weg & Myers is small by design and
is equipped with the experience and expertise to routinely handle large
cases for large clients. Further, clients benefit from our scholarly approach
to litigation. At Weg & Myers, we are motivated first and foremost
by an intuitive sense of succeeding on behalf of our clients—our
own success just follows.