Blockheads LLC is now suing Flexport and Zurich for over $400,000 in damages, claiming that their actions have deprived the company of the funds necessary for its financial future. The company has also accused the insurers of bad faith efforts, claiming that their ambiguous communications and inconsistent actions have been inconsistent with the portions of the policy that the company does have.
This case highlights the importance of understanding the fine print of insurance policies and the potential consequences of supply chain delays for small businesses. It also serves as a reminder that insurance bad faith can have a devastating impact on a company’s bottom line and future prospects. As the world continues to navigate the challenges posed by COVID-19, it is crucial for businesses to be aware of their rights and to take steps to protect themselves against potential losses.