Every single day, businesses across the country purchase business interruption insurance, which is aimed at protecting a company in a crisis. Insurance companies that sell these policies promise to cover the loss of income that businesses suffer after a natural disaster, fire or any circumstances that negatively affect a company’s ability to operate.
The COVID-19 outbreak has proven to be just such an event – a crisis that has so impacted businesses across the country that many find themselves teetering on the brink of another disaster -- complete financial ruin. In fact, it is estimated that business-related insurance claims from the coronavirus pandemic could exceed $800 billion.
Sadly, the same insurance companies that promised to protect these businesses are now going back on those promises. Many businesses impacted by the COVID-19 crisis are now either being denied coverage under their business interruption policies or are being met with underpaid claims. The failure to honor these insurance policies adds insult to injury to business owners who did their part by faithfully paying their insurance premiums in the event of such a disaster.
There are many different types of businesses that have been negatively affected by the COVID-19 crisis and may be eligible for a business interruption claim, including:
If your business has experienced a financial loss due to the COVID-19 crisis or any other event, and you are either considering filing a business interruption insurance claim or you have filed a claim that has been denied or underpaid, we can help. You may still be entitled to financial compensation for your business income losses.
Please contact our law firm today for a free consultation.
Filling out this form does not create an attorney-client relationship with Heard Law Firm. It is simply to put you in contact with our firm so that we can evaluate your potential claim. Do not provide any information that you consider confidential and would not want disclosed to third parties. If you would like to speak with us confidentially, please call us at 713-665-1100.