Business Interruption

Coronavirus (COVID-19) has impacted us all. Businesses and industries have suffered business income loss by suspending or limiting operations due to the government-mandated shutdown issued to slow the spread of the highly contagious COVID-19. This is the moment you and your business should be able to turn to your insurance company to provide you with the help you need. For years, you have very likely paid insurance premiums to cover the losses you are currently encountering. Insurance companies are required to honor your policies with good faith. Business interruption insurance is one of the core coverages in a business owner’s policy, offering businesses a lifeline in the event of a disaster. However, many are being told that the one disaster their policy does not cover is temporary closure due to a pandemic. If your insurance company has denied your Coronavirus Business Interruption Insurance Claim, or if you have suffered loss but have not yet filed a claim, you need the help of a lawyer. Our attorneys Robert Roden, Shane Lucado, and Don Freeman are leading this litigation for our firm. They would like to talk to you about any potential claims. Contact us for a free evaluation regarding your business interruption insurance claims.

HOW DO I KNOW IF I HAVE A CORONAVIRUS BUSINESS INSURANCE CLAIM?
Whether your policy provides business interruption coverage for loss experienced by COVID-19 depends on the language of your policy and its exclusions. Business Insurance Policy language is very often difficult to read or interpret. This is why you should seek the help of Shelby Roden Attorneys at Law. Knowing whether you can make a claim is the first step. We can conduct a full review of your insurance policy at no up-front cost to you. Our firm handles cases on a contingency fee basis, meaning you owe us no money unless we are able to get money for you. An extra expense is not something most businesses can afford, and the attorneys at Shelby Roden understand this.

WHAT SHOULD MY BUSINESS INTERRUPTION INSURANCE POLICY COVER?
Most Business Interruption Insurance policies will cover:

  • Lost Business Income and Expenses
  • Spoilage
  • Cost of Cleaning
  • Replacement Cost
  • Moving expenses, if the business must be moved to a temporary location.
  • Civil Authority ingress/egress, meaning coverage is provided if direct loss of revenue is caused when a government authority orders the closure of business, such as in the event of a curfew.

WHAT IF I HAVE FILED MY CORONAVIRUS BUSINESS INSURANCE CLAIM AND MY INSURANCE PROVIDER DENIED COVERAGE?
If you have already filed a Business Interruption Claim and have been denied by your insurance provider, you have taken the first step in protecting your rights for the claim. Depending upon your policy, you may still have a claim against your insurance company. The attorneys at Shelby Roden are happy to review your denial letter and the particular circumstances surrounding your claim. Contact us to begin evaluating your options.

IF I HAVE NOT FILED A CLAIM WITH MY INSURANCE COMPANY, CAN I STILL FILE A CLAIM AND RECEIVE COVERAGE?
Yes; however, time is of the essence. All insurance policies set forth deadlines for filing claims. Most insurance companies require business owners to notify their Insurance Company of a potential claim within a short period of time from their first “Date of Loss.” Failure to timely notify your Insurance Provider will result in denial of your claim. Shelby Roden Attorneys at Law can review your policy to determine your rights to coverage.

BUSINESSES AND INDUSTRIES WE ARE HELPING
The Attorneys at Shelby Roden are working with businesses of all sizes and industry affected by COVID-19. The businesses we have seen experience the most impact include:

  • Dentists
  • Orthodontists
  • Doctors
  • Surgeons
  • Restaurants
  • Catering Companies
  • Hotels

WHY DO I NEED A BUSINESS INTERRUPTION INSURANCE LAWYER?
Insurance policies are often hundreds of pages in length, including complex forms and complicating terms. A denied Business Interruption Insurance claim could mean the end of your business. While you are an expert in your industry, you probably do not have experience working with insurance language. The attorneys at Shelby Roden have reviewed thousands of policies from dozens of insurance providers and can confidently navigate your business’s rights and interests.

CORONAVIRUS BUSINESS INTERRUPTION INSURANCE LAWSUITS
Businesses are filing lawsuits against their insurers seeking coverage under their business interruption insurance for loss of income, cost of cleaning, and other damages suffered during the COVID-19 shutdown. Insurers are systematically denying these claims for numerous reasons depending on the policy language. Hundreds of lawsuits have been filed in the United States, mostly in federal court. These lawsuits are being considered for class action consolidation under the MDL (Multi District Litigation) Docket #2942. The JPML (Judicial Panel on Multidistrict Litigation) issued an order on July, 12th 2020 denying centralization in MDL (Multi District Litigation) No. 2942. Since the first order denying centralization, the JPML has issued five separate orders for insurer-specific MDLs. The JPML has ordered parties with pending Business Interruption Claims to file briefing on proposed insurer specific MDL dockets, including insurance companies: Lloyd’s London (MDL. No. 2961), Hartford (MDL. No. 2963), Society (MDL No. 2964), Cincinnati (MDL No. 2962), and Travelers (MDL No. 2965). The next JPML hearing session is on September 24th, 2020, where they will hear oral arguments regarding these proposed insurer specific MDL dockets.

CONTACT US TODAY
Shelby Roden Attorneys at Law has been fighting for businesses for over 30 years and have successfully recovered over $1 billion for our clients over the past decade. Our attorneys contribute insight from their various legal backgrounds allowing us to comprehensively serve our clients and to adequately address the complexities of insurance claims. We can handle your case from start to finish, while holding insurance companies accountable and helping you keep your business open.

If your business has suffered during COVID-19, call 205-933-8383 or contact us online to have our lawyers begin evaluating your policy, potential claims, denial letters, and ultimately your next step to keep your business open.