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Business Interruption Insurance Claims

At Velazquez & Associates, P.A., our lawyers have extensive experience handling complex coverage disputes. If your company suffered financial harm as a result of the coronavirus outbreak or any other disaster, we are here to protect your rights. Do not go up against the insurance company alone. To request a free, no obligation case evaluation with an experienced South Florida insurance claims lawyer, please contact our Miami law office today.

Business Interruption Insurance: Understanding the Basics

Business interruption insurance is a type of coverage designed to compensate companies for periods of lost income during disasters or other covered perils. Should a business be forced to halt or reduce operations, a business interruption policy may offer financial support loss profits and for operating expenses.

As a general rule, the basic formula for calculating the value of a business interruption policy is: Net income + operating expenses + add-on expenses=the value of a claim. Of course, similar to other commercial insurance policies, there are limits to coverage and exclusions—insurance companies are not always eager to pay companies full and fair benefits.

COVID-19 (Coronavirus) and Business Interruption Coverage

If you are a business owner or operator in South Florida who has questions about COVID-19 (coronavirus) and business interruption insurance, you are certainly not alone. While coronavirus-related losses may be covered by business interruption policy, it is important to understand the potential issues.

First, many of these policies require “physical damage” to the business for the coverage to apply. Disputes are being raised regarding if/when coronavirus exposure could satisfy this element. Additionally, some policies actively exclude coverage for any losses related to pandemics, diseases, or viruses.

Still, business owners should not assume that they have no right to financial relief through their coverage. All claims should be assessed on a case-by-case basis. If you believe that your benefits were improperly denied, contact an experienced Miami business interruption insurance attorney for help.

Why Trust Our Miami Business Interruption Insurance Lawyers

Business interruption claims are notoriously complex. In too many cases, large insurance companies try to improperly deny coverage. At Velasquez & Associates, we know how to hold commercial insurers accountable. Among other things, our top-rated Miami business interruption insurance attorneys will:

  • Conduct a free, comprehensive review of your business interruption policy;
  • Answer questions about your company’s rights and options;
  • Investigate your case—securing the evidence you need to bring a claim;
  • Negotiate with insurance adjusters for a full and fair settlement; and
  • Take the appropriate legal action to protect the interests of your business.

Call Our Miami Business Interruption Insurance Lawyers Today 

At Velasquez & Associates, P.A., our Florida business interruption claims lawyers fight aggressively to protect the rights and interests of our clients. If your company is involved in a dispute over a business interruption coverage, we are available to help.

To arrange a no cost, completely confidential initial consultation, please contact us right away. With an office in Miami, we represent businesses and policyholders throughout South Florida, including in Homestead, Hialeah, Hollywood, Miami Beach, Fort Lauderdale, and Pembroke Pines.

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