Business Interruption Insurance Attorneys
A major event, disaster, or crisis can not only affect the health and well-being of millions around the world — it may also profoundly impact the livelihood of those owning businesses of all sizes.
Fortunately, those who have had to significantly reduce or completely shut down business operations may be able to recoup their losses by filing a claim for business interruption insurance. However, in times of crisis, these policies may be difficult to approve due to unclear policy details or other unforeseen circumstances.
If you or someone you know is filing a business interruption insurance claim in California during a time of need, please contact Bentley & More LLP today. Our experienced California business interruption insurance lawyers specialize in seeking business interruption insurance for all businesses in immediate need of financial relief. Schedule a free initial consultation with us and see how we can help facilitate your insurance claim and compensate for lost income among other damages.
What is Business Interruption Insurance?
Business interruption insurance is intended to compensate you for lost income due to direct interruptions to your normal operations, such as a disaster or other sudden event. Policyholders are typically compensated for lost revenue that they would have earned had the disaster not occurred — along with any operating expenses, such as utility costs, that continue despite an inability to operate the business.
It’s important to note that business interruption insurance is not sold separately; it must be added to a comprehensive property insurance policy or included in a package policy. Most, if not all, of the largest commercial insurance providers in California offer business interruption insurance with a policy. This includes:
- State Farm
- The Hartford
- Liberty Mutual
- Chubb LTD Group
Coverage limits can vary from policy to policy and from business to business. If you are unsure of the terms or compensation limits of your business interruption insurance, contact your insurance provider for more details.
Can I Recover Business Interruption Insurance for COVID-19?
The novel Coronavirus (COVID-19) outbreak has spread throughout the world with potentially fatal consequences. In addition, mandatory “shelter at home” orders by the California government have significantly disrupted normal life for the million of residents in the state — and normal operations for many business owners. As a result of Coronavirus, businesses have been forced to:
- Significantly limit hours of operation
- Reduce staff
- Alter normal operations to comply with state mandates
- Shut down business indefinitely
Additionally, businesses who may have been exposed to Coronavirus may also have to pay excessive sums of money to thoroughly disinfect and clean their premises in order to get them back to working order.
Depending on your circumstances, terms of your business insurance policy, and other factors, your losses may be covered by your business interruption insurance. However, these circumstances are quite unprecedented — policyholders and providers alike are stepping into uncharted territory with business interruption claims associated with Coronavirus.
Therefore, it is highly recommended to consult with a skilled business loss income attorney experienced in insurance claims — and business interruption circumstances. At Bentley & More LLP, our California business interruption income loss lawyers can fully evaluate your circumstances and determine how to proceed with your business interruption insurance claim so that you receive the compensation necessary while your business operations are slowed to a halt.
We Can Help With Business Interruption Insurance Bad Faith
Often, many businesses may be eligible to be compensated under the terms of their business interruption insurance policy — but are otherwise rejected or summarily disqualified for an unknown reason. This is otherwise known as bad faith insurance: when you are rejected from coverage that you are rightfully due.
Business interruption insurance claim denial is a common target for insurance bad faith, as many providers write these policies in a way that may be open to wide interpretation. Additionally, many qualifying requirements for a business interruption insurance policy are also extremely strict to allegedly prevent business owners from fraudulent claims.
In many cases, these bylaws and hidden meanings are written to minimize the amount of business interruption insurance paid out to the policyholder. At Bentley & More, LLP, our California bad faith insurance attorneys fight to ensure that your valid, qualified claim is rightfully accepted. If it is not, our business interruption insurance lawyers will continuously fight on your behalf to ensure you receive the compensation necessary to recoup your losses during a difficult time.
How Can Bentley & More LLP Help Recover Business Interruption Insurance?
Eligibility for compensation under a business interruption insurance claim can vary widely based on business type, circumstances, and other unforeseen factors. At Bentley & More LLP, we can help facilitate your business interruption claim by:
- Gathering all the evidence necessary to substantiate your claim
- Calculating the full value of compensation that is fair based on your coverage
- Negotiating with insurance providers on your behalf so you are not misled or given lower offers
- Advocating for your right to business interruption insurance in cases where the policy is ambiguous or up for interpretation
- Fighting for the compensation you are due if the insurance provider acts in bad faith and rejects your valid business interruption claim
Our California business interruption claim denial lawyers are committed to giving you the support and peace of mind you need while we fight for the compensation you deserve.
Contact Our California Business Interruption Insurance Attorneys Today
If your business or property insurance policy contains business interruption insurance, you have a legal right to be compensated for any income losses if your business operations are halted or severely reduced. If you need assistance securing this compensation, please contact us immediately to discuss your California business interruption insurance case. We understand your need for compensation during these troubling times, and we are here to help.
Contact us to schedule a free consultation and see how our skilled business interruption insurance lawyers can help you recoup your losses.