The Law Offices of Oscar Syger is a business interruption claims law firm in Pembroke Pines, Florida that works with businesses that have suffered losses due to the civil authority orders in Florida that shut down business activities. In the aftermath of the COVID-19 shutdown that caused many businesses extraordinary losses in revenue, some businesses have been wondering whether they can make a business interruption claim for their losses and business damages during the coronavirus pandemic. If you think there is any possibility that you might have business interruption coverage, your best course of action may be to file a business interruption claim as soon as possible. If your insurance company denies your claim (and your insurance company likely will deny the claim), then you can reach out to a business interruption claims law firm like the Law Offices of Oscar Syger in Pembroke Pines, Florida. However, if you have any questions about how to file a claim, you may also want to speak to a business interruption claims lawyer, because the answers you give to your adjuster’s questions could impact your claim. Our lawyers can review the details of your policy, help you understand your rights, and pursue your insurance company for your claim if your claim has been wrongfully denied.
Restaurant Owners, Hotel Owners, and Other Small Businesses Appeal Denied Business Interruption Insurance Claims
If your business has property insurance, it likely has business interruption insurance. Business interruption insurance is designed to cover losses a business sustains in the period of time the business owner cannot use the business premises due to a disaster. The big dispute in recent weeks has been whether business interruption insurance should cover losses due to the coronavirus pandemic. That business has been interrupted in recent weeks is undeniable. Business owners who are filing business interruption insurance claims hold that the coronavirus has caused physical damage to their property (by contaminating the air and surfaces of the property) and that civil authority orders due to the damaging effects of the coronavirus caused the interruption of business.
Across the nation, restaurant owners, hotels, and other small business owners have been appealing their denied business interruption insurance claims. Many of these claims have been denied by insurers who claim that business interruption insurance only kicks in if a building has sustained structural damage due to a natural disaster. Some business interruption coverage insurance explicitly denies pandemic coverage. However, there have been reported instances where businesses purchased additional coverage, including pandemic coverage and event-cancellation coverage, only to have their insurance company deny their claim. Other small business owners note that their business interruption insurance includes coverage in the event that a civil authority order that closes business. Because many businesses had to close after Florida issued stay-at-home orders, some small business owners, including restaurant owners, are fighting their insurance companies for denied claims, citing that they had to close down their business due to a civil authority and therefore should be covered under this aspect of their policy.
Some states across the nation have called for insurance companies to honor their policies, including business interruption policies. Other states seem to be leaving it up to policy holders and insurers to battle their cases in court. If your business interruption insurance claim has been denied, and you have questions about the appeals process, reach out to the Law Offices of Oscar Syger, business interruption coverage lawyers in Pembroke Pines, Florida. Our firm can review your policy, help you understand what is contractually covered and excluded, and fight your insurance company for coverage you may be entitled to receive. If our business interruption coverage lawyers think your business may have a coronavirus business interruption claim, our lawyers may be able to help you.
What Factors Might Impact My Right to Make a Business Interruption Insurance Claim?
Several factors might impact your ability to successfully make a business interruption insurance claim. If your policy doesn’t mention coverage in the event a civil order, or if your policy explicitly denies coverage due to a pandemic or viral threat, you may not be able to make a claim. However, if you have any doubt, you may want to speak to the Law Offices of Oscar Syger, business interruption claims lawyers in Pembroke Pines, Florida. In most cases, business owners may be wise to file a claim with their insurer, and then consider speaking to a business interruption insurance lawyer in Pembroke Pines, Florida. Ultimately, winning a business interruption coverage claim may require the assistance of a lawyer able to evaluate your claim, evaluate your policy, and build a sophisticated argument to support your claim. While it is possible that Florida may pass legislation in the interim requiring insurers to honor business interruption claims, businesses cannot rely on legislation to help them make the claim they may deserve under the law. Reach out to the Law Offices of Oscar Syger, Pembroke Pines, Florida business interruption claims lawyers today. Many businesses have suffered devastating losses as a result of the coronavirus pandemic. Many businesses are on the brink of going out of business. For many business owners, business interruption insurance may be the difference between staying in business and going out to business.