Accidents and disasters can produce major consequences for a business. If a business can’t operate due to an interruption, such as property damage, they will experience devastating financial losses. For protection, many businesses purchase business interruption insurance, also referred to as business income insurance. It covers lost revenue, wages for employees, and more. Businesses who pay for this type of insurance expect to receive coverage when they need it most, however this is not always the case.
What should I do if my business interruption claim was denied?
If your insurance company denies your claim, they may be acting in bad faith. When this happens, it is important to get in contact with a knowledgeable lawyer who can fight for you to receive the fair compensation and justice you deserve.
Can I file a business interruption claim for COVID-19?
At this time, many insurers are denying claims in regards to the COVID-19 pandemic as they believe it is not considered a direct physical loss. We still encourage you to file a claim. If denied, we will work for the best possible outcome, whether we pursue an individual or class action lawsuit.
Will I have to go to court?
In cases where a settlement can not be agreed upon or liability cannot be determined, a business interruption claim may be taken to court. A decision will be issued either in state or federal court.
Why do I need a lawyer?
When your insurance policy does not provide you with the coverage needed to protect your business in a time of crisis, it is important to have someone who will be on your side. A lawyer can review your claim and seek legal action.
