Mississippi Insurance Lawyers for Business Interruption Claims
The COVID-19 Pandemic Has Resulted in Huge Losses Among Small Businesses.
We Could Be Able to Help If Your Insurer Won’t Pay.
Mississippians have been forced to adjust to a new way of life as states
across the nation shut down to slow the spread of the novel coronavirus.
Though necessary for public safety, our state’s stay-at-home order
had an immediate and extreme economic impact. Small business owners have
been asked to shutter their shops and, with people only leaving their
homes for essentials, their revenue streams have dried up. No business
owner wants to furlough their employees but staying afloat when you have
no customers is nearly impossible.
No one expected anything like the COVID-19 pandemic we are now experiencing.
Many small business owners did, however, plan for adversity or disruption
by purchasing insurance. Business interruption insurance is specifically
made to reimburse losses caused by an outside force that affects a company’s
ability to operate. The pandemic may seem like a perfect example of how
this coverage can help business owners during tough times. However, most
insurance companies are denying any claims related to closures and/or
lost revenue caused by the novel coronavirus.
We think it’s wrong for insurers to refuse claims made by loyal clients
who are just trying to make it through these shutdowns. If you’re
in this situation, you may be able to fight back. Our team is working
with business owners to file these claims and contest denials. Richard
Schwartz & Associates, P.A. is a local firm that has faced many trials
during its growth. We know how frustrating it can be to experience setbacks—and
we’re here if you need help overcoming them.
Call our business interruption insurance attorneys today at (601) 869-0696 or send a message. We can schedule a free consultation from any of our 3 convenient Mississippi offices.
What to Do if Your Insurance Claim Was Denied
Many business owners, especially those who run small, local shops, have
already tried to file for insurance to help with the losses caused by
the coronavirus pandemic. If you are in this position, we understand you
may be worried about the fate of your business and uncertain of what to
do next. The good news is, our team may be able to help you fight back
if your claim is denied.
Each case is unique depending on your business and your contract, but many
entrepreneurs have legal questions about their rights and options. We’ve
collected some of the answers you may need.
Is It Legal for Insurance Companies to Not Cover Pandemics?
In a word, yes. After seeing the economic damage caused by SARS, insurance
providers asked for permission to specify their product could not be used
for infectious outbreaks or diseases. This exclusion clause was
approved by regulators. Unfortunately, there is no way to bring a legal challenge against this language.
How Can I Tell if My Insurer Covers Pandemic-Related Losses?
Insurance contracts typically lay out various situations and damages they
will cover. It would be unusual for one to specify the company will cover
losses due to any form of infectious disease. If they do, our team can
help you use this clause to file a petition for the compensation you need.
When it comes to exclusion clauses, not all insurers use the same language.
If your contract is in any way unclear, or if the exception clause specifies
similar events (bacterial infections/diseases) that can be differentiated
from the novel coronavirus, you could be able to make a successful claim.
What About Government-Mandated Closures?
A lot of business owners have noticed their contract specifies coverage
will be provided if government or military action prevents them and/or
their customers from reaching their business. Though the shutdowns we’ve
experienced likely weren’t what insurers had in mind when they wrote
this clause, any business you lost because of a stay-at-home order (at
the local or state level) might be eligible for recompense. Our attorneys
can go through your contract with you and explain what your options are
Do I Have a Chance if My Claim Was Denied?
Don’t make the mistake of thinking a claim denial means there’s
nowhere else to turn. Insurers try to deny or underpay claims whenever they can because doing
so protects their profits. Our team can help you challenge a denial, making
legal arguments and including evidence as necessary to show why you should
We’re Here for Mississippi’s Business Owners
On top of the pain and suffering caused by the pandemic, it’s difficult
to see the plight small business owners are currently facing. We understand
how difficult it is to start and run a successful company during the best
of times. No one could be expected to plan for something like COVID-19,
but regardless, the pandemic has caused economic trouble for many.
If your insurance claim has been denied, or if you’re just looking
for help as you file, our team is here for you. We pride ourselves on
offering a transparent and compassionate process to every client.
Call Richard Schwartz & Associates, P.A. at (601) 869-0696 or send us a message online. We are offering free consultations to any small business owner in Mississippi
who has been affected by the pandemic.