The coronavirus crisis has resulted in business closures and interruptions nationwide. According to a recent MetLife and U.S. Chamber of Commerce report, a total of 54 percent of all small businesses are closed or could close in the near future as a result of the COVID-19 pandemic.

To protect themselves and their companies against precisely these types of closures, and the tremendous strain they place on their businesses, many business owners purchase business interruption insurance. Business interruption insurance policies are individually crafted to the insured’s business and are intended to pay for loss of business income due to necessary suspension or reduction of normal business operations.

A business owner’s coverage will depend on the insurer’s specific policy language, including various coverages and exclusions. Compensation may be available in cases where the federal or state government ordered businesses to close or reduce operations. Further compensation may be available where businesses have incurred additional costs to continue business operations, such as sanitation/disinfecting services or the purchase of equipment for remote work.

If you own a business that has been crippled by a government-mandated shutdown issued to slow the spread of the coronavirus, you are likely counting on your business interruption insurance to replace lost income, pay bills and cover payroll. It is anticipated, however, that the insurance industry will be denying business interruption insurance claims arising from this pandemic.

During this time of crisis, it is devastating to have an insurance company deny or severely underpay your business interruption insurance claim when the coverage you paid for should cover the losses your business has suffered. When your insurance company refuses to honor its insurance contract, it is critical to seek legal help immediately.

Miller Schirger is currently accepting business interruption insurance claims on behalf of business owners and institutions nationwide. Because a dispute with a large insurance company may be too large a financial burden or risk for businesses already struggling, our firm pursues business interruption insurance claims on a contingency-fee basis. We carry the costs of litigation, and you pay us nothing unless we obtain a recovery for you.

Miller Schirger has successfully litigated against some of the nation’s largest insurance companies for over 10 years.  Results matter, and our firm’s recent results against large insurance companies include the recovery of over $2.25 billion of client value (cash and policyholder benefits) and a $34 million jury verdict.

If you are a business owner and have been denied coverage for your business interruption insurance claim or otherwise want legal representation as you pursue your claim, contact us today for a free, no-obligation review of your potential business interruption insurance claim. We are here to help you navigate the legal system to seek maximum compensation for your claim.