COVID-19 Business Interruption Insurance Claims

The COVID-19 pandemic has significantly interrupted every aspect of our lives. This is particularly the case for business owners in California. As a result of government stay at home orders, the economic impact of this pandemic has been devastating. California Governor Gavin Newsom closed all non-essential businesses in March 2020. Even businesses that remained open have suffered from devastating losses. At Aitken * Aitken * Cohn, our COVID-19 business interruption insurance claims attorneys are here to help. If you are struggling to recover the compensation you deserve through your business interruption insurance policy, contact us today.

Why choose Aitken * Aitken * Cohn for this case?

Anytime you are dealing with a business insurance carrier, particularly during this challenging period, you need an Orange County personal injury lawyer by your side. At Aitken * Aitken * Cohn, we are ready to get to work for you.

  • We have a reputation for success and have built a foundation on numerous settlements, trial victories, and precedent settings appellate decisions.
  • We carefully choose which matters we become involved in because we believe that clients are best served through personal attention from each attorney.
  • We take these cases on a contingency fee basis, which means you will not pay any legal fees for your case until after we secure the compensation you need for your business.

How does COVID-19 business interruption insurance work?

Business interruption insurance is typically an add-on to a business’ traditional insurance policy. In most cases, this type of insurance is in place to help businesses that sustain disruptions due to a range of disasters such as fires, earthquakes, floods, supply chain failure, utility disruption, cyber-attacks, and more. However, many of these policies also cover business disruptions that occur due to orders from governmental authorities.

COVID-19 business interruption insurance claims could help a business get through this situation by ensuring that they are in the same financial position they would have been had no disruption occurred. This includes replacing lost revenue, fixed costs a business incurs even if they are closed, training of new employees, and more.

Unfortunately, many insurance carriers have claimed they are not responsible for covering COVID-19-related losses. This has resulted in businesses scrambling to understand their rights during this challenging time.

How to file a COVID-19 business interruption insurance claim

Due to the difficulty that businesses are facing when filing COVID-19-related business insurance claims, we strongly advise all business owners to take additional precautions. This includes speaking to an attorney who can help gather all evidence necessary to prove their case. At Aitken * Aitken * Cohn, we will help you obtain all of the following:

  • Historical profit and loss statements
  • Tax returns
  • Proof of how the closure has affected your business

Business insurance carriers are going to scrutinize every claim that they receive right now in order to limit payouts. Business insurance carriers may point to various exclusions in your policy in order to limit any settlement or deny a claim. Our business interruption insurance claims attorneys are ready to get to work on your behalf. You can contact us for a free consultation of your case by clicking here or by calling (866) 434-1424.