BUSINESS INTERRUPTION INSURANCE: How it may apply to save your business!

Posted on July 24, 2020Posted By Russell & Hill, PLLCPosted In Insurance Claims

It is no secret that businesses are hurting. With COVID-19 coronavirus and mandatory shutdowns, many businesses are struggling to survive. Business owners must know there may be a way to get help through insurance coverage they may already have.

Business interruption insurance helps replace lost income when businesses are affected by a covered loss. For example, if a fire destroys your merchandise, or a tree falls on your store, you may have a claim for revenue losses, lease payments, loan payments, taxes, payroll, and relocation costs due to the fire or tree fall. The question many business owners are asking is whether business interruption insurance can help with coronavirus losses. As a business owner, if you’ve had losses due to coronavirus it is best to start by collecting the documentation of your income loss, filing a claim with your insurance company, and finding out if they will accept it or deny your claim. If the insurance company denies your claim and you think there may be coverage, have an attorney take a look at your insurance policy and figure out whether the insurance company is being cheap and trying to get out of it, or whether the policy truly doesn’t cover your income loss. If this coverage applies, it may make the difference for your business in surviving these challenging times.

If you or someone you know has questions about business interruption insurance, our team of experienced and knowledgeable attorneys are ready to work on your case and investigate on your behalf so we can secure the compensation you are entitled to. If you need Everett insurance claim attorney, you can contact us for a free consultation of your case by clicking here or by calling us at 800-529-0842.

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