Coronavirus Insurance Business Loss Attorney
Let Us Fight for the Relief You Deserve
On March 11, 2020, the World Health Organization (WHO) declared COVID-19 a pandemic after hundreds of thousands of confirmed cases were reported in over a hundred countries around the world. When federal authorities announced to limit gatherings to up to 10 people, state governors issued “stay-at-home” orders to fight the spread of the coronavirus.
Unfortunately, this has resulted in the closure of many businesses throughout the country -- either until further notice or for good. While business owners may have adequate coverage to protect themselves from infectious disease-related losses, insurance companies could be reluctant to honor their policies and interpret the coverage language on their own terms. That is why you need an experienced and knowledgeable attorney to protect your rights, business, and livelihood.
At The Doan Law Firm, we understand how difficult and uncertain these times are. Our national coronavirus insurance business loss lawyers can thoroughly review your policy, negotiate with your insurer, and help you obtain the financial relief necessary to help you support your workers and your family.
The Doan Law Firm is still open to defend your rights! Call us today at (800) 349-0000 for a free consultation over the phone or through a video conferencing app.
About Business Interruption Insurance
Due to recent governmental restrictions and public fear over the spread of COVID-19, many industries such as hospitality, travel, and others may experience substantial disruptions. Fortunately, coverage for such losses could be obtained through “business interruption insurance.”
This type of insurance is designed to protect businesses from income losses caused by operational disruptions and are generally part of a company’s commercial property insurance policy. In addition, contingent business interruption coverage provides insurance for monetary losses caused by disruptions to a business’s customers or suppliers.
Business interruption coverage applies if the policyholder suffers “direct physical loss of or damage to” insured property by a covered reason for the loss. When it comes to COVID-19, insurers may dispute if the pandemic is considered a “physical loss.”
There are also specialized policies and coverage extensions, which specifically address infections or communicable diseases and do not require meeting the physical damage threshold. Furthermore, there are policies that cover losses suffered by the restriction of access to the policyholder’s property caused by a “civil authority” (i.e. local, state, or federal government authority). Based on the language of a policy’s “civil authority” coverage, the physical loss requirement may not need to be met.
The best thing to do is to read through your policy and figure out the specific terms.
Ready to Protect Your Business & Your Family
Keep in mind, state courts throughout the nation have yet to determine a uniform rule as to what is deemed a “physical loss.” There are many courts that consider viral contamination and governmental response to such contamination. Further examination of the facts and circumstances of each case is required to determine if a “physical loss” has happened.
Our firm can fight for you inside and outside the courtroom to obtain the compensation you deserve. We hope you stay healthy and safe during this trying time.
For more information about your legal options, call (800) 349-0000 immediately.
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