These are trying times. Closures, social distancing and lay-offs have profoundly affected many businesses, large and small. Whether the limits on your business were put in place by government restriction, or you have undertaken voluntary measures to slow the progression of the virus, we may be able to help.
In most business insurance policies, there are provisions for “business interruption.” Not all such clauses will apply to the COVID-19 pandemic, but many will. Many times, the policies are written with confusing, and often, ambiguous language. When times are tough insurance companies will use this language to their advantage and try to limit the claims they must pay. Therefore, it is important to contact an attorney to help you dissect these policies and protect your rights.
After carefully reviewing how courts have interpreted business loss insurance policy language and the common “direct physical loss” requirement, we are able to look at the exact language in your business’s insurance policy and give proper guidance as to whether filing a claim could be a viable option for you. The policy language, as well as how your company has been directly affected, are important factors in determining whether your insurance policy will provide coverage. Give us a chance to review your business policy and help you reconstruct the nature and extent of your business, financial losses. Contact us today for a free consultation.