Will I Get My Money Back in Light of COVID-19 Pandemic?
The COVID-19 pandemic is forcing business owners to shut down or limit production. Many are asking, “Will insurance cover losses related to the coronavirus disruption?” Unfortunately, insurance companies may say the current pandemic doesn’t apply.
Is your business covered by insurance in the event of loss due to the COVID-19 pandemic?
When unforeseen circumstances out of your control take a toll on your operations due to physical damage, business interruption insurance should be there for coverage. While the COVID-19 coronavirus pandemic may not be causing a traditional, physical loss in the way that a natural disaster might, it is causing many business owners to suffer a loss of income. Depending on the insurance policy at issue and the facts, you may be able to file a claim.
Multiple factors play a part in your ability to recover for your business interruption—the damage, the deductible, and possible exclusions. You need an insurance specialist to help determine the proper application of coverage.
At Potts Law Firm, you have the opportunity to defend your rights as a business owner during the COVID-19 pandemic. Our attorneys have the experience and knowledge needed to help ensure that you receive fair compensation. Are you a policyholder having problems with your business interruption insurance claim? Contact the Potts Law Firm to learn more and receive a free consultation.