Can Your Business Receive an Interruption Claim Because of the Pandemic?
Posted by: albright on Fri, May 15, 2020Share this post
Many business owners did not expect to have to close their doors due to the COVID-19 pandemic. When they did, their business basically came to a standstill and their employees were possibly laid off or furloughed. Business owners turned to their insurance policies to see if they possessed business interruption coverage.
Instead of letting your emotions guide you through this time, have a reliable Las Vegas business lawyer at Albright Stoddard Warnick & Albright review of your policy and discuss your options with you.
Business interruption coverage can be as important to the survival of your business as fire insurance. As many businesses are finding out, in the event of a situation like the current pandemic, closing your doors can seem like a devastating option. Small business owners can be overwhelmed by the loss of revenue. Business interruption insurance can compensate you for loss income, revenue you would have earned, operating expenses like utilities that will keep accruing during this temporary halt and additional training costs.
The best way to know where you stand and prepare accordingly is to have an experienced Las Vegas business lawyer examine your policy. An attorney with Albright Stoddard Warnick & Albright can review your policy for coverage and, more important, for possible exclusions. They can also help you assess how you may be able to benefit from the CARES Act or business loans through the Small Business Administration.
If you are covered by your business policy, Albright Stoddard Warnick & Albright will assist you in filing the necessary claims to receive the benefits you are entitled to. If your insurance company has already denied a COVID-19 claim, our skilled Las Vegas business lawyers will review that denial and tell you if you have a claim.
Don’t let your emotions get the better of you. Allow the logic of experienced Las Vegas business lawyers lead you forward.