In the aftermath of a loss to your business from fire, wind, water damage, or theft, you might find yourself not only emotionally traumatized by the event but also dealing with things like making repairs, changing your locks, identifying missing items, and filing a business interruption insurance claim. Trust the property damage insurance attorneys at The Cedrick D. Forrest Law Firm to help.
An October 22, 2020, NAIC report detailing business interruption claims and loss data disclosed that U.S. insurers received 201,285 claims for business interruption losses caused by coronavirus orders. Of those, 164,178 were closed without payment, 34,106 remained open and 3,001 were paid.
If the statics mean anything, they reflect that 95% of claims were denied for business interruption losses due to the pandemic.
You may not have to battle another pandemic. But you should always protect your business from more common losses that cause an interruption in the goods or services you provide.
Our property damage attorneys understand the importance of getting your business back open and running as quickly as possible after a business loss. We utilize forensic accountants to properly evaluate the financial impact your business sustained from extended closures.
We help restaurant owners recoup massive spoilage losses that were undervalued by carriers. We represent business owners and commercial property owners when they are facing a crisis that could derail their entrepreneurial dreams.
How to prepare for a disaster
Know your evacuation zone and route.
Build your emergency kit.
Review your policy and confirm coverage.
Complete your home/business inventory checklist.
download your FREE home inventory Checklist
WHAT DOES MY HOMEOWNER'S PROPERTY INSURANCE POLICY COVER?
Most homeowner's insurance policies cover the following:
Hurricane & Flooding
Pipe Burst & Plumbing Leaks
Personal Property Loss
Damage Caused by Windstorm