Business Interruption Claims Denial
If your business interruption insurance claim was denied after a disaster that forced the closure of your business (like Coronavirus), then contact the business interruption insurance denials attorneys at Shernoff Bidart Echeverria LLP to discuss your case. We offer free business insurance claims consultations and it we take your case, you do not pay us unless we win compensation for you.
We are the leading insurance bad faith law firm in the nation. Our skilled trial attorneys file lawsuits to protect the rights of policyholders who have wrongfully been denied insurance coverage.
If your firm cannot do business anymore because of a natural disaster, a fire, or any other catastrophe, your business interruption insurance should be there for you. If your claim has been wrongfully denied, we can help you secure a business income insurance recovery and possible Bad Faith remedies as well.
California Business Interruption Insurance
Business interruption insurance protects a business owner when disaster strikes.
While a fire insurance policy covers damage to a property after a fire, business interruption insurance compensates for lost income when a business must close down completely because of disaster-related damage. It also covers operating expenses, such as electricity, that must continue to be paid after the catastrophe.
Business interruption insurance offers protection when you need it most — when your business is temporarily unusable and has no way to generate income or profits.
A Question of Survival – Why You Need Business Interruption Insurance
A business interruption insurance claims denial can be as devastating as the catastrophe that closed your business. With the insurance coverage you’ve paid for, you can rebuild your business; without it, few businesses can survive.
Insurance companies have been known to take advantage of vulnerable policyholders and force them into bankruptcy. A common ploy to prevent paying a fire-related claim, for example, is for the insurer to charge the policyholder with arson without ever investigating the circumstances of the fire. Insurance companies may use inappropriate methods of calculating losses, in an attempt to minimize and/or delay payment of claims.