SMALL-BUSINESS INTERRUPTION CLAIM DENIED BYYOUR INSURANCE COMPANY?
COVID-19 and the government shutdown of the economy have put a strain on many small businesses in our community. Among the many economic consequences of the pandemic is the loss of income for small businesses. Some small-business owners have been forced to completely shut down their operations and have subsequently suffered weeks or months of lost business revenues. During a crisis, businesses will often look to their business insurance coverage for relief. This crisis is no different. In fact, many property and casualty business insurance policies cover loss of revenue caused by business interruptions as a result of events outside of the control of the business. The COVID-19 crisis is one such uncontrolled business interruption, causing the shutdown of nonessential businesses and leading many business owners to file claims with their insurance carriers. Under the terms of their insurance policies, many small businesses should be able to recover their lost revenue during this difficult time by submitting insurance claims. Unfortunately, many large insurance companies have denied most of these claims related to COVID-19, alleging that coverage is excluded under these policies.
types of coverage and exclusions contained in each individual policy. Because the language in each policy is subject to legal interpretation, a small business should not accept the insurance carrier’s denial of coverage without consulting with a lawyer. Businesses across the country have even started to file lawsuits against major insurance companies for improperly denying these insurance claims related to COVID-19. Compensation may be available to many of these businesses as a result of the insurance carriers’ wrongful denial of business interruption claims. This compensation may cover loss of business revenue as a result of the crisis and potential damages against the insurance carrier for failing to handle its insured’s claim in good faith. Askeroth Law Group is ready to assist local small-business owners during this difficult time. If your small business received a denial from your insurance carrier for a business interruption claim or any other denial of coverage related to the COVID-19 crisis, contact our office for a free review of your insurance policy and case evaluation. We are standing by to help your small business survive this crisis and obtain the insurance coverage and benefits you deserve.
We have found that a policy’s coverage in the context of COVID-19 damages will come down to the particular policy language, including various
TURN YOUR VACATION INTO A STAYCATION
3 Ways to Replace a Canceled Vacation
Vacations provide opportunities for families to spend time together in a relaxed environment, get away from the routines of everyday life, and create meaningful memories. If you’ve recently had to cancel a trip but still want to create the experience of a vacation for your family, then a staycation is just what you need. TRANSFORMYOUR BACKYARD When you’re trying to recreate a vacation, the outdoor areas of your home present a variety of possibilities. You can turn a sandbox into a relaxing beach, complete with a kiddie pool “ocean.” If you have trees, then set up a zip line or obstacle course. You can even stimulate summer brains with a scavenger hunt around the backyard with hidden clues in the dirt or bushes. The ultimate prize can be something you would have purchased on your original vacation, like a souvenir you can find online. CREATE A ‘FAMILYMUSEUM’ Many vacations include an educational aspect in order to enrich our understanding of the place we’re visiting, and museums are a great way to accomplish that. If you’re confined to the house, then teach your kids about
your own knowledge and interests and encourage them to get creative and make their own contributions, too. Have everyone create art, take photos, or write about their prized possessions. Display these masterpieces around your home and let their creators take you on a tour. Learning more about one another builds meaningful bonds. BRING YOUR TRIP HOME You probably chose your original vacation destination in order to experience new and different cultures and activities. But just because you’re no longer traveling to that location doesn’t mean you can’t experience some of what it has to offer! Research popular local cuisine, activities, and history of the area, then create ways to experience them with your family. Cook a traditional meal, recreate a scenic location through photographs, or share a story about local lore and history. Your changed plans will no longer feel like a missed opportunity. Staying at home doesn’t mean your family can’t have the fun of a vacation. All it takes is a little creativity and innovation to build an experience that will bring your family closer together.
2 725-867-8495 | WWW.ASKEROTHLAW.COM | WORKERS’ COMPENSATION AND PERSONAL INJURY
Made with FlippingBook - professional solution for displaying marketing and sales documents online