Is My Business Covered?
Business owners who have paid their insurance premiums to protect their businesses and their employees in the case of a pandemic, civil authority actions or natural disasters are covered. Unfortunately, insurers are stalling or even denying coverage now that businesses and workers need it. In many cases, insurers falsely claim a virus exception has disqualified them from coverage.
Business interruption or business income insurance does protect against these kinds of business closures and disruptions. Even policies with an exclusion can often extend coverage, depending on certain factors. The insurance company must demonstrate that an exception is real and applies. We suggest that every business has a copy of their policy and employ a qualified insurance claims attorney who is experienced in resolving business interruption claims and may determine if a coverage debate is possible.
Will My Policy Pay Me?
There is no guarantee, but it is worth a shot. An experienced insurance claims attorney, the courts, and sometimes jurors can help resolve your claim and determine if your business has suffered due to the pandemic or business interruption. Even if your policy accounts for a lack of proof that the virus has impacted your business you may still have a chance to recover.