Select Page

Business Interruption Insurance

When a crisis prevents you from continuing your business’s day to day operations, you may be facing:

  • Mounting bills without normal revenue to pay your business expenses
  • An indefinite period of reduced revenue or a complete shutdown of your business

Business interruption insurance is a fairly standard element of most business owner policies. If you have had difficulty filing this type of insurance claim or have had such a claim denied, then a lawyer may be able to help.

Call our team at the Landau Law Group today at (866) 703-4878 for a free consultation.

Business Interruption Insurance Is Meant for Times of Crisis

You likely purchased business interruption insurance in the event that a crisis or disaster hindered the way your company makes a profit.

Some examples that would the use of this insurance include:

  • A fire that causes your business to shut down for a significant period of time
  • Flooding caused by unusually heavy rain
  • A robbery to the extent that it interrupts your operations
  • Damage to the premises that prevents a regular flow of business

The extent of what your policy covers will be outlined in the details of your insurance plan. When you work with a lawyer, they can read between the lines of your policy to determine what coverage is available in your situation.

Business Interruption Insurance Can Save Your Business

Many businesses were shut down in the wake of the COVID-19 crisis to slow the spread of the disease. According to a recent report from Goldman Sachs, 96% of small businesses have been impacted by this pandemic.

As a result, many business owners were left without a way to keep their company afloat and turned to their insurers to implement the coverage under their business interruption insurance policy. Right now, you could be waiting for your policy to “kick in” so you can get the benefits that your premiums have been paying for.

Some of the consequences of a business shut down you could be facing include:

  • Forfeiting a significant majority of your normal operating revenue
  • Making far less revenue than is required for you to pay your rent and other bills
  • Losing your business completely due to the financial strain of such an economic slowdown or shutdown
  • Losing any collateral, possibly including your home, that is tied to your business’ operations

Business interruption insurance is crucial during this challenging time. If your claim has been denied, which is happening to many businesses right now, according to the San Diego Union-Tribune, or your insurance company is being uncooperative, working with a lawyer can help. This is where the Landau Law Group can step in and provide legal assistance.

To begin a free case review, call us today at (866) 703-4878.

We Protect Claimants Against Bad Faith Insurance Practices

Some insurance companies understand how a business interruption can devastate a company and its workers. Others are not so sympathetic and only seek to protect their bottom line by undervaluing or denying claims. In the legal world, employing strategies that work against a claimant’s best interests are known as “bad faith insurance practices.”

Examples of this include:

  • Not returning a claimant’s repeated attempts to reach the insurer
  • Denying benefits outlined in a claimant’s insurance policy
  • Pressuring claimants to settle for an offer that does not cover the extent of their losses
  • Using misleading language to promise false outcomes
  • Stalling the claim so that it expires under the state’s statute of limitations

If any of these actions or one similar to it has happened in your situation, working with a lawyer can be a valuable asset. While dealing with a crisis that has impacted your business, you do not have time to waste with uncooperative insurance companies. When you work with the Landau Law Group, we can work to make sure that you are offered the benefits under your policy agreement. Call us today.

How a Lawyer May Be Able to Help

When you are facing losses because of a situation that caused an interruption to your business operations, a lawyer may be able to help you in various ways.

Some of the possible ways that a lawyer could assist you include:

  • Reading your insurance policy and noting language that pertains to any business interruption coverage for which you are entitled
  • Relying on other experts in the insurance sector to better understand the specific ramifications of language within your insurance policy
  • Protecting you against bad faith insurance practices
  • If necessary, filing your wrongful denial of coverage claim in court
  • Serving as your legal counselor and representative throughout their time at your representative

If your lawyer is successfully able to represent your interests, you may be able to get a settlement that covers the losses outlined by your insurance policy.

We Work on Contingency

Because our clients are our top priority, we offer our services on a contingency basis. We will try to have the insurance company pay our fees per applicable statutes when we demonstrate bad faith failure to pay a valid claim in litigation. What this means is that we do not get paid until we are able to successfully resolve your claim. From there, we take payment for our services out of the compensation we get for you. If we take you on as a client and then later cannot get financial recovery on your behalf, then we do not get paid. Not only does this minimize your financial risk, but it ensures that our team takes your case just as seriously as you do.

Call Our Team at the Landau Law Group Today

If your business has slowed or closed operations for whatever reason, time may not be on your side. Call our team at The Landau Law Group today at (866) 703-4878 for a free consultation. We are ready to get started on your case today.

Frequently Asked Questions

Business Interruption Insurance Exclusions

What Is Covered by Business Interruption Insurance?

How to File a Business Interruption Insurance Claim

Does Business Interruption Insurance Cover Rent?

How Does Business Interruption Insurance Work?

How To Know If You Have Business Interruption Insurance