Do I have a Business Interruption Insurance claim with COVID-19?
Business Interruption Insurance policies are individually crafted to the insured’s business. This pays for loss of business income due to necessary suspension of normal business operations. This suspension of operations may arise directly from contamination of the facility from COVID-19, a state or local authority’s order, the need to protect employees/customers, or a myriad of other or concurrent causes which impact the use of your business and property for its intended purpose.
A business owner’s coverage of damages due to the coronavirus will come down to the insurer’s specific policy and external conditions, and also might include cases where the federal or state government ordered them to shut down operations. If your business has been crippled by the government-mandated shutdown issued to slow the spread of the coronavirus (COVID-19), you are likely counting on your business interruption insurance to replace lost income, pay bills, and cover payroll. It is anticipated that the insurance industry will be denying business interruption claims on a wholesale basis. Even if this does not occur, many insurance companies will deny claims arising from this pandemic, attempting to rely on exclusions or other policy language.
Langdon & Emison and COVID-19
As the global COVID-19 public health emergency continues to spread and create challenges for families and businesses worldwide, Langdon & Emison is addressing many of the same challenges that our clients may be facing and to offer our assistance. For over 30 years our firm has represented clients and their families in personal injury matters from coast to coast. This has included many matters in areas where COVID-19 has already had a serious impact.
Our firm regularly employs best practice business continuity processes. As part of our firm’s commitment to help slow the spread of this virus, we have been taking proactive safety precautions at every stage of the pandemic. We remain ready, able and prepared to serve our clients during this time, as the health of our clients and colleagues is among our top priorities.