United States Government Shutdown Sparks Risk and Insurance Considerations
In the short term, the partial shutdown of the US government – stemming from an impasse over the federal budget – is unlikely to trigger a large number of insurance policies. However, the longer it lasts, the higher the potential for the filing of lawsuits and insurance claims. Organizations that suffer losses or anticipate claims they believe are shutdown-related should work with their insurance brokers, internal risk management resources, and legal counsel to review the details of any policies that may come into play and have a clear plan for handling claims.
In United States Government Shutdown Sparks Risk and Insurance Considerations, we outline how the shutdown could impact property, casualty, financial and professional, environmental, and trade credit insurance policies in addition to how a wide range industries could be affected.