What to do when your insurer denies your business interruption claim?

Your business interruption policy may entitle you to benefits due to losses and expenses related to the COVID-19 pandemic. A decrease in revenue resulting from government orders to close or operate on a limited basis may qualify you for payment from your insurance carrier. Costs such as rent and loan repayments may also be eligible. Insurance companies advertise that they are there for you when you need them the most, ready to help. Sadly, that’s often not the experience of business owners and managers who have diligently paid their premiums on time. In the event of a coronavirus-related business interruption, an insurer may state that your claim does not meet the “physical damage” requirement in many policies. You and many other business owners and managers that have been turned down are now in danger of seeing their companies fail. If you’re in that situation, the Insurance Litigation Group (ILG) is here to help. Our experienced team of insurance litigation attorneys is ready to review your business interruption coverage at no cost to you. We will let you know whether you have the basis for further pursuing a claim. If so, ILG will represent your company at no cost. We will work for you on a contingency basis, which means that we are paid only if we recover proceeds from your insurer or anyone else responsible for your losses. Don’t accept “CLAIM DENIED” from your insurance company before letting an experienced insurance attorney review your policy(s).

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At ILG, we are committed to continuing to serve you during these uncertain times and to provide you with some peace of mind. We are all in this together.