Business Interruptions Claims From Hurricane Ian

Do You Need a Lawyer for Damage to Your Business After Hurricane Ian?

When a hurricane slams into a business, the owners have more at stake than the cost of cleaning up and repairing the damages. Businesses lose money each day they are unable to operate because of hurricane damage, and they need repairs and comprehensive payments to their hurricane insurance claims as quickly as possible. According to the Federal Emergency Management Agency (FEMA), almost forty percent of the small businesses in the United States never reopen after suffering a major natural disaster. The reason why is simple: Even a few inches of water can cause tens of thousands of dollars of damage.

Business interruption insurance is designed to protect any prospective earnings of the insured business. It is designed to compensate the insured business against any losses that stem from the business’ inability to continue normal business operations and functions. Insurance coverage kicks in if a business’ operations are totally or partially suspended due to the loss of a building, or loss of use of a building, or damage to any and all parts of a business’ operations, including machinery, equipment, facilities, plants, or other property.

Contingent business interruption insurance covers loss of earnings and certain continuing expenses resulting from a covered cause of loss to premises of third parties, such as key suppliers or distributors for your products and services. Like business interruption coverage, this type of coverage often requires “direct physical loss or damage” to the third party premises. Another variant of this coverage covers losses due to the closure of something on which the business is dependent.

 Civil authority coverage covers loss of earnings and certain continuing expenses when a civil authority prohibits access to, ingress to, or egress from your place of business because of a covered cause of loss. For example, if state officials close all access to roadways needed to access your business because of flooding, this would trigger the coverage.

 

Help When Your Business Is At Stake

Determining the exact amount of financial loss that a business has suffered during interruption can be complicated and a policyholder must be extremely diligent during their fact finding process in order to determine an accurate amount of revenue loss.  Each business interruption claim requires an in-depth investigation.

Insurance companies are for-profit businesses that generally operate in their own best interest, which in some cases can lead to the use of misleading tactics to reduce or deny insurance claims. This is known as acting in bad faith and can become the basis of a legal claim or lawsuit against the insurance company in question.

At Williams Law Association, P.A., you will find our expert hurricane insurance claim lawyers who understand the specific needs of commercial property owners after the damage from a hurricane or other severe storms. If your business has been damaged due to hurricane-force winds, call now for a free consultation: (800) 451-6786.

Lawyers For Commercial Property Insurance Claims

Our law firm has represented owners of all types of commercial property with insurance claims, including claims for hurricane damage. We have represented, including owners of:

While the specific damage to each business is unique, the wind and water damage from hurricanes can cause broken storefront windows, roof and structure damage, and ruined machinery and inventory. Given the potential for astronomical repair costs, insurance carriers will search for reasons to deny, underpay or delay your claim.

Our attorneys have significant experience with commercial insurance claims due to hurricanes, wind damage, and water damage for businesses across Florida. We will help you thoroughly document your losses and damages and help ensure that you are compensated for both your property damage and the loss of revenue you suffered because of business interruption. Williams Law P.A. is known for our willingness to take a claim to trial when insurers refuse to settle fairly.

We have also helped business owners who have already filed and been paid a claim for hurricane damage to reopen the claim when the damage is later determined to be more extensive than initially assessed.

Contact Williams Law Association, P.A., For A Free Initial Consultation

For your convenience, we offer free claim consultations for Florida hurricane damage. To learn how we can help you, contact us online or call us at (800) 451-6786. Se habla español.

Llame ahora para una consulta gratis • (800) 451-6786 • Se habla Español