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| | GLK’s Korek & Makarov’s Unique Business Interruption Piece Published in NYLJ |
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To save thousands of New York business from closing their doors permanently, New York courts should look to the New Jersey case ‘Optical Services USA/JCI v. Franklin Mutual Insurance Co.,’ for a decision and rationale that is consistent with New York jurisprudence. (First published in the New York Law Journal).
Most business owners in New York have been faithfully paying significant premiums to insurance companies for years or even decades for business interruption insurance only to see carriers unfairly deny coverage across the board based on the ethereal, undefined “direct physical loss” requirement contained in their business owner’s property polices.
All the best,
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| | Jeff S. Korek
Senior Trial Partner
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Gersowitz Libo & Korek, PC
111 Broadway, 12th Floor
New York, NY 10006
157 Engle Street
Englewood, NJ 07631
Phone: (212) 385-4410
Toll-free: (800) 529-9997
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132 North Main Street, 1st Floor
East Hampton, New York 11937
Phone: 631-907-3500
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