Business interruption claims
If your business was interrupted due to the COVID-19 lockdown, you may be entitled to insurance coverage for your losses.
Even if you have been denied coverage already.
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If your business was interrupted due to the COVID-19 lockdown, you may be entitled to insurance coverage for your losses.
Even if you have been denied coverage already.
In response to the highly contagious COVID-19 pandemic, states and cities required the closure of businesses including dine-in restaurants, gyms or fitness studios, retail stores, salons and barber shops, and other businesses classified as “non-essential.” Each day these small businesses are closed, owners and operators face financial losses.
Business owners are looking to their business interruption insurance policies to pay claims to help them through these challenging times. However, insurers have been denying these claims.
Throughout the country, owners of “non-essential” businesses were forced to close during COVID-19 and are struggling to pay bills with no money coming in for weeks or even months. Government Pledged loans and financial aid just may provide enough for small businesses to survive.
The American Property Casualty Insurance Association estimated that companies with 100 or fewer employees could experienced business continuity losses up to $431 billion per month during COVID-19.1 Insurance companies have a financial interest in denying claims, don’t allow them to dictate whether you’ll get paid or not.
Insurance companies have teams of lawyers and complicated policy language behind them to avoid paying out claims.
If your business was interrupted due to the COVID-19 lockdown, you may be entitled to insurance coverage for your losses.
Even if you have been denied coverage already.
You may be entitled to compensation, even if the insurance company denied your business interruption claim before.