COVID-19 INSURANCE CLAIM DENIED FOR BUSINESS INTERRUPTION?

Many companies are experiencing business interruption insurance denial due to the COVID-19 virus. Many businesses have been forced to close due to COVID-19 restrictions. Many companies paid for insurance policies to cover them for business interruptions so they could survive such a crisis. However, some insurance companies are being reported as denying coverage to business owners who paid their premiums. Zimmerman Reed is currently investigating allegations of these practices by insurers of wrongfully denying claims for losses resulting from forced business closures due to the coronavirus and COVID-19.

If you are a business owner who paid policy premiums for business interruption or all risk insurance coverage and whose business was closed due to COVID-19 – we are glad to help you navigate your next steps. If would like more information, please call 800.887.8029 or complete the free case review form.

Free Case Review Form


Background – Business Interruption Insurance Claims Getting Denied

The rapid spread of COVID-19, along with government orders limiting the movement and gathering of people, has resulted in the mandatory closures of businesses throughout the United States. Generally, when a business owner pays policy premiums for insurance coverage in exchange for “business interruption” or “all risk” coverage, the insurance company must provide coverage under the terms of the contract unless coverage is clearly and specifically excluded. However, companies are having  business interruption insurance denial by their insurance companies.

Businesses ordered to close due to the coronavirus are challenging their insurer’s denial of their coronavirus-related insurance claims. Put simply, the business owners are seeking to recover the benefits that the owners paid for and the insurance companies promised to provide.

We Can Help You if Your Business Closed or is Interrupted Due to Covid-19

If you are a business owner who paid policy premiums for business interruption or all risk insurance coverage and whose business was closed due to COVID-19 – we are glad to help you navigate your next steps. If would like more information, please call 800.887.8029 or complete the free case review form.