If your business was forced to close its doors or suffered a financial loss due to a disaster or other circumstances outside of your control, you may be eligible for compensation under your commercial business insurance policy. Business interruption insurance is a type of insurance that covers the loss of income that a business suffers after a disaster. Coverage may include losses suffered due to a disaster-related closing of your business or income lost during the rebuilding process after a disaster.
The coronavirus has had an unprecedented impact on many businesses worldwide. As government authorities institute strict mandates in an attempt to contain the virus, these directives are creating significant, and in many cases crippling, losses for businesses and individuals who are struggling to comply with closures and cancellations.
Coverage may be available for business losses related to COVID-19 under certain insurance policies. If your business closed or suffered losses due to COVID-19, it is important to review your commercial insurance policy and promptly report a claim to your insurance company. Mostyn Law is reviewing business interruption claims on a case-by-case basis. If your claim was denied, contact us for a free attorney consultation. We will review your commercial insurance policy and determine whether coverage may be available for your specific loss. Know your rights! Call us today at 1-800-400-4000 or fill out our free case evaluation form at Mostynlaw.com.