Business Income Loss

BUSINESS INTERRUPTION INSURANCE CLAIM

Natural disasters such as floods, fires or hurricanes can damage a lot more than just property. Often, businesses have to be closed for weeks or months at a time while repairs are being made. Long periods of business pause can cause financial devastation or even ruin for many businesses. Small businesses can be hit especially hard by a shut down. It is those instances where business owners depend on their insurance to help during these unforeseen events. That is not always the case.

BUSINES INTERRUPTION ATTORNEYS – PASCO COUNTY, FLORIDA
You may have Business Interruption Coverage as part of your business insurance policy. Business Interruption Coverage is intended to cover loss of income due to natural disasters that may shut down your business for a period. Typical coverage allows a business to make a claim when a disaster shuts down the physical operation of their business. Common situations include shut down due to a natural disaster, extensive physical damage, or damage preventing access by employees and/or customers.

For more information on Business Interruption Coverage in the time of COVID-19, please refer to the following references:

https://www.natlawreview.com/article/update-business-interruption-insurance-time-covid-19
https://www.floridarealtors.org/news-media/news-articles/2020/04/fla-biz-sues-insurer-over-covid-19-business-interruption-claim

DOES BUSINESS INTERRUPTION INSURANCE COVER COVID-19?
Business Interruption Coverage is determined by the specific language of the policy itself. To determine whether losses caused by COVID-19 are covered by the policy, the policy holder should review their policy. While it is unlikely that a policy will specifically include language related to pandemics, there may be coverage for government actions or other similar language that covers such losses.

WAS YOUR BUSINESS INTERRUPTION CLAIM DENIED?
Your insurance company may have already denied your business interruption claim for a number of reasons. Common reasons for claim denial include exclusion for pandemics, insufficient interruption, or loss of income is due to other reasons unrelated to the disaster. If your business interruption claim has been wrongfully denied, it is crucial that you fight to keep your business alive.

WE HOLD INSURANCE CARRIERS RESPONSIBLE
If your business has suffered a loss of income due to COVID-19 or some other event, please contact Spinner Law Firm for help today.
We will do a FREE analysis of your existing business insurance policies to determine whether your business is covered, and we will file to get you the benefits you deserve under your policy.

Contact us at (813) 991-5099 for a free, no obligation Business Interruption claim assessment.