Business interruption insurance covers a certain amount of your expenses while your business is closed or unable to operate due to a covered loss. Nearly every policy specifically excludes an infectious disease as a covered loss. For example, the Coronavirus. Thus, making it very difficult to claim that as the cause of your loss. But what if there was a different approach.
The reason your business closed during the Coronavirus closed was likely not because you had a contamination at your business. But rather, because the local officials in Florida required your business to close under a “stay at home” order. This would be civil authority. The key is in your policy. If your policy provides coverage under civil authority, then you might be able to make a claim. Otherwise, a skilled Attorney will want to review the policy and circumstances to determine if there is a covered loss.
If your loss is covered, the next question to ask yourself is what expenses are typically covered under business interruption insurance, if you were to make a claim:
- Employee wages
- Rent or lease payments
- Relocation costs
- Loan payments
- Operating expenses
- Lost revenue
If you are unsure if you would be able to make a claim for business interruption during this unprecedented time, then give us a call at 1-800-247-2727. Let the Attorneys at Pacin Levine, P.A. review your insurance policy.