COVID 19 Business Interruption Claims
As we all know, the COVID19 pandemic has transformed our lives, both socially and economically. Billions of dollars in income and revenue have been lost due to successful businesses being forced to shut down or significantly alter their business model.
Many business owners have filed insurance claims under the BUSINESS INTERRUPTION provisions of their policies. The practice of many Insurance carriers is to automatically deny business interruption claims or to persuade business owners to choose not to file the claim at all. In many cases, the denial of benefits may be improper. YOUR INSURANCE COMPANY DOES NOT WANT TO PAY YOU.
DO NOT BLINDLY ACCEPT THE DENIAL OF BENEFITS. You need an experienced attorney to review your coverages to determine if you may be entitled to business interruption benefits. If the denial is improper, and the carrier refuses to change its position, a lawsuit can be filed on your behalf.