As the U.S. death toll due to COVID-19 continues to rise – and the pandemic continues to spread – thousands of American businesses have been forced to shut down due to government “stay at home” orders. While many owners have diligently paid for business interruption insurance policies to protect their business from catastrophic events, insurance companies are denying and rejecting COVID-19 business interruption insurance claims, even when the policyholders are covered.
When you work with Schlesinger Law Offices, P.A., you’ll benefit from our 60-year tradition of excellence fighting for the injured and securing multi-million-dollar settlements from reluctant insurance companies. Our Fort Lauderdale insurance attorneys are providing free commercial insurance policy reviews for business owners, and we’re committed to advocating for our client’s needs through trial if necessary.
Learn more about how we can help with your case during a free initial evaluation. Give our award winning attorneys a call at (954) 467-8800, or contact us online to schedule a time to speak with a member of our team.
What Is Business Interruption Insurance?
Included in many commercial insurance policies, business interruption coverage protects against losses sustained when you can no longer do business on your property, due to damage from natural disasters or other “covered perils.” Although many business interruption insurance policies contain exclusions for bacteria, viruses, and other microorganisms in the wake of the 2003 SARS outbreak, this does not automatically mean that you are not covered for COVID-19 losses.
Typically, your business loss claim will be considered coverable if it meets the following conditions:
- There was damage or loss to your insured business property;
- The damage to your business was caused by a covered peril; and
- Your usual business was interrupted as a direct result of this damage, due to the time it takes to restore the property.
Other Legal Strategies for COVID-19 Loss Coverage
Let’s assume that your insurance policy does have a microorganism exclusion. You may still be entitled to insurance coverage under a different section of your policy. Most notably, some policies will include “civil authority coverage,” which could account for state and local government-mandated business shutdowns. Because commercial insurance policies can vary so widely, insurers have a responsibility to perform a full investigation when policyholders file a claim for COVID-19 losses, especially given the enormous financial risks facing these businesses right now.
If your insurer has discouraged you from making a claim or denied your existing claim, you need an experienced attorney on your side to secure fair compensation for your losses. Our Fort Lauderdale insurance lawyers at Schlesinger Law Offices, P.A. have dedicated our careers to helping our clients seek justice, particularly when insurance companies have failed to recognize the merit of their claims. By performing a comprehensive policy review, we can identify when you are covered – and then represent your interests in any negotiations or litigation with the insurer.
I can't thank the team of lawyers from Schlesinger Law Firm for their high quality of professionalism and persistence in pursuing my lawsuit. They always made me feel part of their family.