COVID-19 & Business Insurance: Are You Covered?
Business Insurance in the Midst of COVID-19
Will your business insurance cover losses due to the current coronavirus pandemic? The coronavirus outbreak is forcing some 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 pandemic doesn’t apply.
When unforeseen circumstances take a toll on your operations due to physical damage, business interruption insurance is there for coverage. While the coronavirus outbreak 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. Therefore, depending on the business insurance policy at issue and the facts, you may be able to file a claim for losses due to the coronavirus.
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.
With the Potts Law Firm, you have the opportunity to defend your rights as a business owner. Our attorneys have the experience and knowledge needed to help ensure that you receive fair compensation.
If you are a policyholder having problems with your business interruption insurance claim, contact the Potts Law Firm to learn more and receive a free consultation.
Also, make sure to connect with us on Facebook!
“They were able to complete it in a timely manner and were great at keeping me up to date with communication throughout the entire process. I highly recommend using this law firm if the need arises.”- Stephen P.
“Michael Bins has been extremely helpful in helping us to navigate a situation with an insurance claim on a commercial property. He’s gone above and beyond in moving our case toward a positive resolution that we’re satisfied with.”- Theo C.
“They know the law from every angle, dig deep, and will not accept anything less than what was asked in the original suit. The Potts team never backed down until the case was settled in full.”- Molly H.