Davie & Pembroke Pines business loss attorney helping Florida file insurance claims in the wake of the COVID-19 pandemic
Update: June 15, 2020
Update: June 5, 2020
Insurance dispute attorney Rick Ellsley discusses how you could
recoup some of your small business' losses from COVID-19
in this Daily Business Review article.
April 9, 2020
Life as we knew it when 2020 started has changed. COVID-19 is a global pandemic. Florida, like most states, is essentially shut down, and workers in Plantation, Pembroke Pines, Davie and all over South Florida are getting sick and dying. Floridians are losing their jobs in record numbers. Businesses have closed. For some, this closure will be permanent. There is; however, hope for local businesses that purchased business interruption insurance to protect them from potentially devastating costs associated with the state’s notoriously severe weather. Business losses are sometimes covered under business owners and commercial property insurance policies. These policies are complex and are often filled with exclusions, so be sure to consult with a business interruption attorney in Plantation, Pembroke Pines or Davie to see if your business qualifies for a claim.
What are common exclusions of a business income loss insurance policy?
Business loss insurance is fairly common in Florida, because hurricanes and tornadoes can destroy office buildings and industrial warehouses, wiping out inventory and other expensive property. One common exclusion is that coverage will only be provided when the physical premises of the business is destroyed.
So, are you covered? Do you have a case for a successful claim? Speak with a business interruption attorney in Plantation, Pembroke Pines, or Davie by calling The Ellsley Law Firm at 888-SUE4YOU or (954) 888-7720. Let our Plantation business income loss lawyers navigate you through the tricky process of getting your insurer to pay your business insurance claim.
Business Interruption FAQs
What is business interruption insurance?
Business Interruption Insurance is exactly what it sounds like. When a business loses income due to being forced to close by a government order, The insurance company should cover the interruption in income that the business has suffered.
Does business interruption insurance cover losses from COVID-19?
Yes. Most policies will cover business income loss when businesses are forced to close by government order. Each policy is different in terms of the language of the policy. Many people think that a virus exclusion within the insurance policy will prevent the business from recovering its loss of income. However, very rarely does a virus exclusion apply or is enforceable under the circumstances when a government Order is the reason a business has lost income or has been interrupted.
What are the coverage limits for business interruption insurance?
Many policies will cover the actual losses that the business has sustained for a period of one year from the date of the government order closing the business. Other policies limit the compensation to 6 months or sometimes even 1 month.