Should You File a Business Interruption Claim for COVID-19 Losses?
The coronavirus crisis has led millions of small businesses to the edge of financial disaster all around the world. For businesses that have a business interruption insurance policy, it may now seem like the perfect time to submit a claim. However, there currently is a great deal of disagreement regarding whether or not business interruption insurance policies should cover loss of income and extra expenses.
Currently, insurance companies are rejecting all claims related to COVID-19. However, there is a growing number of lawsuits being filed by lawyers seeking to enforce coverage. Lawsuits have been filed by business owners like Wolfgang Puck and Thomas Keller to try and make insurance companies provide coverage for COVID-19-related claims. None have led to any new laws or bills yet, but the passage of some of these remains a reasonable possibility.
Even though you may not get paid right away, filling a claim now may still be in your best interest. It’s likely that insurance companies will have to pay out to at least some of their policyholders, either due to state legislation or as the result of litigation. One thing is certain — only those policyholders who have filed a claim will even have a chance of obtaining a meaningful recovery due to COVID-19 business interruption losses. As the promptness of litigation for insurance policies is crucial, it’s important that you file your claim ASAP. There’s no guarantee that you will end up getting paid, but not submitting a claim will certainly not lead to the recuperation of any losses. Therefore, if your policy includes business interruption insurance, get help submitting your claim efficiently and effectively with the help of Adjusterman in Oakland Park.
What Can Adjusterman Do for You?
Adjusterman can do more than just file your claim for you — we also:
- Take a record of all the damages and aspects of your claim
- Closely examine what is covered by your insurance policy
- Negotiate with the insurance company for better results
- Produce an accurate estimate for what your insurance policy should cover
- Compile all the necessary documents to produce the strongest claim possible
- Renegotiate when there are discrepancies in your insurance company’s estimates
Contact Adjusterman for Business Interruption Claim Assistance
If your business has been interrupted by the COVID-19 pandemic, Adjustmerman in Oakland Park is here to assist you in the recovery of your losses. We understand how stressful it is to be paying bills and managing your daily operations in the face of today’s unprecedented market uncertainty and the imminent possibility of losing everything. If you, like most business owners, have no experience creating detailed business interruption claims, get the help you need by reaching out to Adjusterman and working out a strong business interruption insurance claim. We will review your policy in detail and help improve your chances of your case being successful.