Businesses may have business interruption coverage, virus coverage, civil authority coverage or other coverage that may be able to lessen the economic blow that COVID-19 has dealt these businesses.

Business Interruption Coverage allows a business to recover economic losses if the business suffers physical damage to its premises or a loss that prevents its from operating its business or substantially reduces the ability of that business to operate as it normally does (i.e. sit down restuarants that are now only allowed to do take-out).

Civil Authority Coverage allows business to recover losses when a civil authority issues an order that closes a business or prevents it from normal operations.

These claims must be submitted to the insurer within a certain period of time. Failure to present a prompt and timely claim may result in the insurer denying their claim.

The business owners should not delay or wait for legislation to decide the next steps. They should contact an attorney to review their insurance policies to see if they have business interruption coverage, virus coverage, civil authority coverage or any other coverage that might help them offset the losses stemming from COVID-19.

Many insurers have already denied claims on the bases that claims related to COVID-19 are not covered. If you have already been denied by an insurance carrier, we still are happy to review your insurance policy and see if we can help you. We are actively working on arguments to counter the insurance companies wrongful denial of the claims stemming from COVID-19.