As governments have forced the closure of small businesses throughout the state during the Covid-19 pandemic, the economic impact upon these businesses has been catastrophic. Restaurants, retail stores, and companies of every kind are sadly folding every day. Business owners hoping to remain open have turned to their insurance carriers for these unexpected losses, only to see these claims quickly denied.
Many business insurance policies include coverage for lost earnings due to disasters and related government shutdowns. This coverage, known as “Business Interruption” or “Civil Authority” coverage, is meant to help your business recover from these losses and keep its doors open. But today, facing the threat of paying out millions on legitimate claims after the government shut down businesses across the board, the insurance companies are refusing to pay what is owed to the owners of these businesses.
Don’t let the insurance companies escape their obligation to pay you for your losses. They took your premiums. Your business incurred a huge loss. The insurance carrier should pay you what is owed. NOW.
If you have a business interruption insurance policy and your insurance company is denying, delaying, or underpaying your claim, call Cutler Rader today. Our trial litigation attorneys will gladly review your policy and discuss your potential claim, for free.
Your Justice Starts Here
Cutler Rader is a plaintiff’s trial litigation firm committed to justice. Whether handling personal injury cases, business litigation or insurance recovery claims, our attorneys offer more than 75 years of combined experience getting our clients the compensation and justice they deserve.
As we all go through this pandemic and recovery together, we offer our clients the benefit of handling these cases without fees or costs to you, the client. You have lost enough. We will evaluate your claim for free, and we only make money when you do.
Do I have a case?
The only way to know this for sure is to have a qualified attorney read your insurance policy. Claims for business interruption are based on the insurance policy which is a contract. Every policy is different and must be carefully read. Often, insurance companies attempt to fit a square peg into a round hole, denying your claim by playing games with the words it wrote into its own policy to benefit its own financial interests, not yours. These policies, and your claims, must be carefully reviewed and analyzed.
We have never faced a situation quite like this pandemic before. Courts are overwhelmed with litigation concerning these business interruption claims and new law is being created. Many of these policies and the cases filed hang on whether or not there was a physical loss to the business. In some cases, business interruption coverage for the coronavirus will not be triggered unless you can prove that the virus actually contaminated your business and resulted in lost business. Other courts have recently ruled that the shutdown is a direct loss, and these claims may proceed.
In addition to business interruption coverage, many business insurance policies also contain coverage for what is called “civil authority” losses, which can help the recovery of lost business income when the government orders your business to close. This is a completely different policy provision and does not require that direct physical loss.
The toll that the coronavirus and the government shutdown have on our businesses will last for years. As your business struggles to remain open and thrive again, insurance companies should be held accountable and not be allowed to avoid covering these losses. Your business should be given the protection and benefits that it paid for. Nothing short of full justice is acceptable.
Let the business interruption litigation attorneys at Cutler Rader get to work for you today. If your business sustained losses caused by the coronavirus pandemic and you have questions about your rights or coverage under your policy, call us today. Your justice starts here.