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Is it Worth Trying to File a Business Interruption Claim?

In: Community

For business owners, there is nothing worse than being forced to close their doors indefinitely due to something they cannot control. When a natural disaster or a pandemic hits the state, country, or even the entire world, business owners incur a loss of revenue and experience business slowdowns.

Luckily, you may qualify for business interruption coverage, which can help a covered business owner replace lost income and pay for extra expenses associated with the business interruptions.

What is business interruption coverage, and is it even worth trying to file a business interruption claim in Florida?

Who Qualifies for Business Interruption Coverage?

Generally, businesses qualify for business interruption coverage when their loss of income occurs due to the physical damage to or loss of property that forces the business owner to suspend operations. While this coverage typically covers damages and losses due to hurricanes, storms, flooding, fires, and other natural disasters, other circumstances – such as a pandemic – might also qualify.

What is Covered Under the Business Interruption Coverage?

When does it make sense to file a business interruption claim? In Florida, a typical business interruption insurance policy covers the following:

What to Do if Your Business Interruption Insurance Claim Was Denied

Unfortunately, insurance companies routinely deny business interruption claims in Florida. If you think that your business interruption claim was not handled properly, it is best to consult with a knowledgeable attorney. It is possible to resubmit your claim or challenge the denial of your claim. Regardless of why your business interruption claim was denied, you need an experienced attorney to review your case. Contact our Boca Raton business interruption attorneys at Ged Lawyers, LLP, for a case review. Call at 561-995-1966 to discuss your options and challenge the denial of your claim.