Business Interruption Claims

Every day that your business is closed because of fire or storm damage is revenue you can’t recover. Even if you remain open during clean-up and repairs, work crews and construction noise keep customers at bay.

Most business owners have insurance coverage for business interruption under their commercial property insurance. However, the insurance company may conclude that your scenario isn’t covered or may downplay compensation. Williams Law Association, P.A., in Tampa, Florida, will stand up for maximum replacement of your lost revenues.

Hurricane Damage Claims And Other Business Interruption Claims

With offices in Tampa, Brandon and New Port Richey, our lawyer handles insurance disputes in Hillsborough, Pinellas, Pasco and surrounding counties of Florida. Attorney K.C. Williams has represented commercial property owners in claims arising from fire damage, hurricanes, water damage, sinkholes and other events.

Many owners focus on the damage to the building and do not realize that they may be covered for loss of revenue from the aftermath of the event itself or the disruption of repairs. Most commercial property owners are covered for business interruption in their commercial property casualty insurance for fire loss or hurricane damage, or under a separate rider.

Business Interruption Can Cover:

If your doors are closed for weeks or months, we understand that your business is bleeding money. K.C. Williams brings more than 20 years of experience in insurance claim negotiation and litigation. He will help you document the lost income and demonstrate the interruption to your business in tangible ways. He will fight the insurance companies every step of the way for your entitled compensation.

COVID-19 Claims

The COVID-19/coronavirus pandemic has led to great business revenue losses around the U.S. Lockdowns, quarantines, social distancing measures, and Shelter at Home orders have made it impossible for many nonessential businesses to remain in operation. While the fate of America’s economy remains to be seen, you may be able to protect your own company by filing a claim for business interruption insurance. If your business has losses due to COVID-19 or related governmental regulations, your insurance policy may offer benefits to help you stay in business.

Unfortunately, many business insurance providers are denying COVID-19 interruption claims. Insurance carriers are citing reasons such as virus exclusions or lack of actual property damages for rejections. Carriers are making it difficult for business owners to use their insurance policies to receive compensation. Congress and many state governments, however, are pushing for legislative changes that would force business insurance companies to pay for at least some COVID-19 related losses. In the meantime, our attorneys at Williams Law, P.A. may be able to help you handle an appeal.

How to File a Business Interruption Insurance Claim

As a business owner with financial losses due to a temporary interruption in business, you may be able to file a claim pursuing compensation from your business insurance plan. Start by thoroughly documenting your case and losses. You will need to demonstrate what your business used to make compared to what it is making now. Make copies of your past and current revenue reports and other business documents that record your income history, as well as all bills, receipts, pay stubs and other relevant financial documents. The insurance claims adjuster may request many different types of documentation to support your claim.

If you are filing a business interruption insurance claim because of physical property damage, take photographs of the damages and hire an appraiser to estimate their value. Take steps to prevent further damage. Once you have prepared the necessary information, call your business insurance agent using the phone number on your insurance card or listed in your policy. You may also be able to file your claim online depending on the company. File as soon as possible after the business interruption to meet your company’s deadline.

What If My Insurance Claim Is Denied?

It is common for insurance companies to refute valid claims. Carriers may make mistakes and oversights that lead to unfounded denials. They may also intentionally deny valid claims to try to save the insurance company money. If you do not agree with the way your business interruption insurance company has handled your claim, take action. First, explain your point of view to the insurance agent. If you believe your claim is worth more than the settlement offered, support your belief with evidence. Contest the company’s decision by requesting a reevaluation.

If you suspect the insurance company of intentionally mishandling your claim, report the carrier to your state’s department of insurance. The department can investigate the case and may force the insurance company to reconsider its decision. Once you have gone through all of these options, if the insurance company is still unfairly denying your business interruption claim, contact a lawyer to handle the insurance dispute for you.

A lawyer can help you fight for fair and full insurance benefits using the facts of your case and the elements of your policy. A lawyer can also file a bad faith insurance claim in Tampa on your behalf, if applicable. Whether your case involves COVID-19 or another type of temporary business interruption, the right attorney can handle the claims paperwork and claim negotiations for you. At Williams Law, P.A., we are keeping up with legislative changes regarding COVID-19 insurance coverage. We can help you with any type of business interruption claim in Florida.

Contact Us About Your Commercial Property Coverage Dispute

We represent owners of retail stores, restaurants, gas stations, repair shops, office buildings, warehouses and any type of commercial property.

We welcome inquiries from business owners, property managers and other attorneys in west central Florida. Call us at (800) 451-6786 or submit an intake form