Business Interruption Insurance Denial
A disaster, like a fire, can bring your business to a grinding halt and damage buildings, inventory and other property. The potential losses go far beyond property damage. When you are unable to deliver products or make new ones, you lose revenue. Meanwhile, bills for utilities, salaries and other ongoing expenses continue to pile up.
When disaster strikes, businesses rely on their business interruption insurance for survival. Business interruption insurance is an adjunct coverage — often part of a firm's general commercial property insurance. It typically covers lost revenue, continuing operating expenses and the costs of relocation to a temporary location. In addition, business interruption insurance may cover the costs of the professional fees you incur in order to determine the extent of a loss.
A delay in payment or the denial of a business interruption insurance claim can easily drive a firm into bankruptcy.
At Pillsbury & Levinson, LLP, our attorneys assist clients in obtaining the full amount of business interruption insurance coverage they are entitled to receive.
Our law firm is familiar with the often arcane calculations that must be done to establish the extent of your loss, whether your policy covered gross earnings, profits or actual loss sustained.
After a disaster, you may become a defendant in numerous other kinds of actions. Our attorneys can also help you in seeking coverage for third party claims through your commercial general liability insurance. To learn more about what our insurance lawyers can do after a business interruption claim denial, please contact our law firm. From offices in San Francisco's Transamerica Pyramid, we represent clients throughout California.
