The Effect of Covid-19 on Contract and Insurance Law

Abstract

The pandemic of Covid-19 has disrupted businesses and insurance and contractual relationships betweenparties. This article examines the effect of Covid-19 on contract and insurance law, most notably inrelation to contract law and the need to redefine the legal notion of “force majeure” and in relationto insurance law regarding business interruption insurance. Possible interpretations to be followed bycourts in future claims and liability for contractual and insurance law claims as a result of Covid-19 arediscussed and conclusions on the new role of force majeure and on insurance implications following theCovid-19 pandemic are drawn.