IF YOUR BUSINESS HAS BEEN AFFECTED BY THE SHUT DOWN, YOUR BUSINESS OWNER’S INSURANCE POLICY MAY PROVIDE COVERAGE.
Courts around the country will soon, for the first time, be deciding whether losses resulting from COVID-19 shutdowns are covered by insurance policies’ “business interruption” provisions. Whether your business losses are covered will depend on these rulings and the specific language of your policy. For example, many policies have “virus exclusions” that insurance companies are arguing preclude business losses resulting from pandemic shut downs. An attorney experienced in interpreting insurance policies will be able to determine whether the exclusions in your policies are likely to preclude coverage, or not.
Our firm deals every day with insurance policy language and we have litigated coverage issues and bad faith claims. We can help you determine whether your small business has such coverage available.