"If you officially close, I assume insurance ends. If you keep extending during forced closure, insurance probably pays something. What that something is—?? Cast salaries, rent, etc. is this a force majeure event that insurance doesn’t pay?"
Excellent question. I could see a scenario where the theater owners would still be able to collect insurance payments even if the shows that were in their theaters closed, through force majeure or whatever, and then as I said, the companies of the various shows would be taken care of through collecting unemployment. But I have NO idea if the insurance companies would in fact continue to pay the theater owners under these circumstances. |
