Because of the coronavirus outbreak, many businesses are essentially unable to operate. These companies are taking significant losses, many of them are looking to file business interruption insurance claims. Business interruption insurance is essentially a type of coverage specific for the loses of a business sustained during a number of issues, including floods, hurricanes, and other disasters.
Could you pursue a coronavirus business interruption insurance claim? If your business has been impacted by the coronavirus outbreak, do not hesitate to seek legal assistance at your earliest convenience. Depending on the details surrounding your specific situation, you might have grounds to file a lawsuit. For more information, do not hesitate to seek legal assistance with the experts at our law firm at your earliest convenience.
At Normandie Law Firm, our lawyers have many years of experience handling all sorts of claims. We are dedicated to representing the best interests of our clients. We are not afraid to take on large insurance companies to ensure that our clients are rightfully compensated. If you would like to discuss the possibility of pursuing a claim with the assistance of our knowledgeable attorneys, do not hesitate to contact our law firm at your earliest convenience.
About Coronavirus
The novel coronavirus, COVID-19, has affected more than 200,000 worldwide as of mid-March 2020. Thousands of people have died – and experts expect the virus to continue to spread. The virus is believed to spread person-to-person; specifically, it is believed to spread with help of the droplets produced during coughing or sneezing, entering the body through the mouth or nose. The virus can also spread via contact with contaminated surfaces.
The symptoms associated with the virus include shortness of breath, cough, and fever. Undeniably, the outbreak of the virus has left many people fearing for the health – some even fear for their lives. The CDC is recommending that the community take a number of preventative measures, including staying away from anyone who is showing signs of sickness, avoiding touching the eyes, nose, or mouth with unwashed hands, and staying home if sick.
As the number of cases around the world increases, more information is becoming available. Without a doubt, the spread of the virus is affecting the community. Individuals are affected; however, businesses have also been affected by the virus.
What is Business Interruption Insurance?
Business interruption insurance is a specific type of insurance designed to cover the loss of income that occurs when a business is affected by a specific disaster. The insurance could apply when the business must close or is affected in any other way directly because of the disaster.
What could you be eligible to recover if you pursue a business interruption claim? Depending on the details surrounding your current situation, you could be compensated for all or some of the following:
- Profits (specifically, the profits that your business would have earned based on prior earnings)
- Fixed costs (specifically, any operating costs or other costs being incurred by your business)
- Temporary location (specifically, the expenses for moving your business and operating from a temporary location)
- Commission and training costs (specifically, to cover the costs associated with training the operators of the machinery replaced by the insurance company
- Extra expenses (specifically, reimbursement for any reasonable expenses, not fixed costs, that could allow your business to continue operating
- Civil Authority Ingress/Egress (specifically, coverage for any government-forced closures of your business directly resulting in a loss of profits
Are you interested in learning more about what you could recover if you decide to file a business interruption insurance claim? If so, do not hesitate to contact the experts at our law firm at your earliest convenience. Our lawyers are ready to aggressively fight for your right to recover what you are rightfully owed.
Before you make any assumptions regarding the compensation that you could be awarded, it is important that you are aware that the compensation available for recovery is always strictly based on the specific details surrounding the claim. For more information, do not hesitate to contact our experienced attorneys at your earliest convenience.
Insurance and Bad Faith
Even if your insurance claim is perfectly valid, the insurance company might refuse to provide coverage. When an insurance company is dishonest with the purpose of not fulfilling their legal obligations (of providing coverage), they are likely acting in bad faith. When insurance companies act in bad faith, they essentially intentionally mislead their claimants.
It is important to note that insurance companies owe their claimants a duty to exercise good faith. However, every time insurance companies act in good faith and provide the necessary coverage, they are essentially losing money; therefore, insurance companies often resort to cheap tricks and ultimately act in bad faith.
A few examples of bad faith include some of the following: intentionally delaying the claim process; denying a valid claim; refusing to pay a claim before an investigation has been performed; failing to issue payment; failing to respond to the claimant’s demand promptly; intentionally providing the claimant with false information; refusing to reach a settlement.
Unfortunately, many insurance companies get away with acting in bad faith. This is because most claimants are inexperienced in dealing with insurance companies. Claimants often simply accept whatever they are told. They do not appeal or take further action to hold the insurance company accountable.
What could you do if your insurance company is acting in bad faith? You could file a bad faith claim.
Filing a Bad Faith Claim
Can you file a bad faith claim against your business interruption insurance? Can you file a coronavirus COVID-19 lawsuit bad faith claim? You could pursue a bad faith claim if your business interruption insurance coverage is wrongfully denied. To prepare to pursue your bad faith claim, you should collect all records of exchanges (communication) between you and the insurance company. You should also gather all supporting documents relevant to the effect that the coronavirus outbreak had on your business. You will then have to seek the expertise of a bad faith lawyer to provide you with the appropriate representation. If you would like to learn more about your right to file a bad faith claim against the company handling your coronavirus business interruption insurance claim, do not hesitate to contact our firm today.
Contact Our Law Firm Today
Are you in need of legal assistance to pursue your business interruption insurance claim? If the insurance company refused to accept your claim, you might be filing a bad faith insurance claim against the company. Whatever the case, you can trust that the experts at our law firm are ready to provide you with all the information that you might need to take action against the insurance company that is acting in bad faith.
At Normandie Law Firm, our lawyers have many years of experience handling all sorts of claims – always fighting for the rights of our clients. Our experts are ready to evaluate your claim and provide you with the guidance that you need to reach a successful claim outcome. Would you like to discuss your claim with the experts at our firm? If so, do not hesitate to contact our firm today.
Our firm is dedicated to providing the appropriate legal representation to all affected parties. To remain accessible for all, our firm offers free legal services, which include free consultations and free second opinions. During our free consultations and free second opinions, our lawyers will be available to answer all your questions and address all your concerns. You can be certain that our experts will be available to provide you with all the information that you need to either start or continue your claim. If you would like to learn more about benefiting from our free legal services, do not hesitate to contact our firm at your earliest convenience.
At Normandie Law Firm, we offer a Zero-Fee guarantee. This Zero-Fee guarantee ensures that our clients will not be required to pay any upfront legal fees for any of our legal services. Our law firm is also strictly based on a contingency structure. What is contingency, and how does it affect you? Because our firm is strictly based on contingency, our clients will not be required to pay any legal fees until after reaching a successful claim outcome. If you do not win, you will not need to pay anything at all.
Are you ready to benefit from speaking with our experts? If so, do not hesitate to contact our firm today.
Other Pages on Our Website Related to This Topic
What Is My Business Interruption Insurance Claim Worth?
Business Interruption – How To Open A Claim
