Most Hollywood Companies Not Insured Against Pandemics, Will Have to ‘Absorb the Losses’

Absent of specialized policies, pandemics will ”not be covered by a general policy,“ one attorney tells TheWrap

Over the past week, many companies have canceled or postponed their events or halted production on TV shows and films due to coronavirus scares. According to insurance lawyers and brokers, most entertainment and business policies don’t cover pandemics and many companies will have to “absorb their losses” on their own.

“It would be a specialized insurance policy that would provide coverage for these expenses and damages,” Kent J. Schmidt, a partner at the international law firm Dorsey & Whitney who specializes in business litigation, told TheWrap.

Become a member to read more.

Beatrice Verhoeven

Film Editor, Twitter: @bverhoev