OFFICIAL PUBLICATION OF THE Illinois Automobile Dealers Association

November 3, 2020

business-interruption

Business Interruption and Related Insurance Considerations During the Coronavirus Pandemic

Many business owners have become increasingly frustrated by disputes during the coronavirus pandemic with their insurance companies over whether their commercial insurance policies and business interruption insurance coverage extend to certain business losses.

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dealer-profit-jack-schmitt

Dealer Profile: Jack Schmitt

Jack Schmitt’s father, William Schmitt, was a Chevrolet dealer starting in the 1920s in Troy, Illinois. “I started working at the dealership at age 15. The dealership was also a Standard Oil station, so I greased cars, pumped gas and did whatever was needed. In 1959, after graduating from Illinois College, my brother-in-law and I purchased a Chevrolet Buick Dealership in Nokomis, Illinois.

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