If your business has been crippled by a government-mandated shutdown due to the coronavirus (COVID-19), and you have Business Interruption Insurance coverage from any of the insurers listed above, you likely are counting on your business interruption insurance.
Unfortunately, we are seeing many business owners who are being told by these companies that their business interruption insurance policy doesn’t cover losses due to a pandemic, before even looking at the policy.
We can help in the fight against these insurance companies who are not trying to honor their agreement with small and medium-sized businesses across the country.
This coverage is used to replace lost income, pay bills, and cover payroll, but even though that is what your premiums go toward, your insurance company is expected to deny all claims.
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Business interruption insurance, which is also commonly called business income insurance, replaces lost income and amounts paid for bills and payroll in the event of a disaster that forces the business to closure or reduce operations.
Policies traditionally cover, but are not limited to, the following:
Profits lost which normally would have been earned
Fixed costs, such as operating expenses
Moving costs if the business is required to move to a temporary location
If you or someone you know owns a business and were told by an insurance company that their business interruption insurance policy does not cover coronavirus-related claims, you may be entitled to significant compensation.
For a free consultation and to see if you may qualify, please complete the above questionnaire.
Our legal team is a consortium of litigation firms consistently recognized as the nation’s leading law firms in their respective practice areas. Our capabilities span a combined 100+ years of complex civil litigation experience in areas of the law, including business litigation, product liability, insurance litigation and consumer class actions.
This partnership combines some of the nation’s most accomplished trial lawyers who have successfully represented clients in courtrooms from coast to coast, including the U.S. Supreme Court. Together, these firms offer an unparalleled depth of expertise representing insureds and policyholders against the world’s largest insurance companies.