During the COVID-19 pandemic, Understanding your Commercial Insurance Policy has become more important than ever. Business owners have been left scrambling to figure out how to earn revenues and keep income flowing into their businesses. Government orders have forced some businesses to shut down altogether, while others have had to reinvent their operations and are still suffering significant financial losses. Unfortunately, many business owners have not been lucky enough to receive any governmental relief, and even the ones who have did not receive enough relief to maintain economic viability during these trying times.
There may be help outside of the government though. Your commercial insurance policy, that policy which has likely cost you years of expensive premiums, may cover the economic pitfalls you have recently sustained. Oftentimes, there will be applicable coverage in your policy which covers losses such as business interruption, income interruption, or those losses sustained when governmental orders prohibit you from operating your business.
Most insurance policies are confusing and difficult for non-attorneys to understand. Many of our clients have told us that they do not have business interruption coverage or their insurance company has specifically told them that they are not covered. However, this does not mean you are not covered. Insurance companies are denying business interruption and related claims—not because their insured aren’t covered, but because they do not want to pay them. The insurance companies are concerned that paying out these claims will open the door to having to pay millions of dollars in payouts to their insured.
Thus, do not try to navigate your policy on your own. Our business interruption claims attorneys are here to review your policy, free of charge. If, after reviewing your policy, we believe you have a valid claim, we will pursue it for you. Our attorneys are experienced and ready to both negotiate and fight for your rights with your insurance carrier to get you the compensation you deserve and need. If our initial negotiations are not successful, we will not hesitate to take your case to court to obtain the compensation you are entitled to receive from your policy.
If you are a Florida business owner and have an insurance policy, we strongly urge you to call or contact us immediately so we can review your policy, free of charge, and get you the compensation you need.REQUEST A FREE CONSULTATION