Apr 29

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 adjuster’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.