The Gould Cooksey Fennell Blog

COVID-19: Does Your Company’s Business Interruption Insurance Apply?

COVID-19: Does Your Company’s Business Interruption Insurance Apply?

COVID-19 Business Interruption Insurance Coverage

The rapid spread of COVID-19 and corresponding government restrictions have severely limited and in many cases completely shut down businesses across the United States. Businesses and individuals are scrambling to keep the lights on and to keep their staff.

You probably have looked into some of the government programs that have been created or modified in response to this crisis, but there is another source that business owners should consider, a benefit that they have already paid for: their existing insurance policies. Many commercial insurance policies include business interruption insurance, insurance against lost business due to physical damage or other catastrophe.

But policies differ significantly. Some will include government-ordered shutdowns, and some will be more limited. For businesses whose policies include coverage for this loss, business interruption insurance can provide a critical lifeline. Do not take your adjusterโ€™s word for it. Ask Someone You Trust to review your commercial insurance policies.

The litigation attorneys at Gould Cooksey Fennell deal with insurance companies and claims every day. If we determine that your policy covers some of your loss, we will fight for your business so that you can get the help you need under the policy that you paid for. Contact us today for a free consultation.

Watch this video on our GCF YouTube Channel for more information:

About The Author

Share Now:

REQUEST A CONSULATION

Name(Required)

NOTABLE SETTLEMENTS AND VERDICTS

A 52 year old man arrived at a hospital ER with a UTI, resulting in negligent, non-emergency intubation that caused the catastrophic anoxic brain injury leading to his death. After a trial involving complex medical and technical issues relating to critical care medicine, infectious disease, hospital administration, and electronic medical record systems, the family obtained a wrongful death settlement of $31.9 million.

Trial arising from failure to diagnosis colon perforation after a laparoscopic hysterectomy surgery causing permanent injury to the Plaintiff. After a three week trial a Martin County jury rejected the Defendantsโ€™ position finding the hospital 70% responsible for Mrs. Mooreโ€™s damages and the physician 30% responsible. The award included just over $600,000 for past medical expenses, $370,000 in future medical care, and non-economic damages of almost $2 million.

A Brevard County Jury awarded Plaintiff $6.4M against Defendant State Farm, following an accident that resulted in numerous catastrophic orthopedic injuries, including a below knee amputation of the Plaintiffโ€™s left leg.

Pedestrian was struck and killed crossing the street in Hillsborough County, Florida.

Plaintiff was driving his tractor trailer on a single lane highway when hit head on by the defendant negligently operating his semi-truck. As a direct result the plaintiff suffered bodily injury and continuing pain and suffering. Circuit court 19 awarded plaintiff damages in the amount of $2,899,898.60.

Indian River County crash resulting in significant injuries to a husband and wife. This matter was resolved prior to filing a lawsuit.

Toggle Gould Cooksey Fennell served as Co-Counsel in a Georgia case involving allegedย misdiagnosis/mistreatmentย of preeclampsia resulting in the death of a 39 year old mother.

REQUEST A CALL

* Our attorneys and staff value your privacy and will not share your personal information with any third-party entities.