When your insurance broker says “no”, you need to push back.
That’s the simple message we have for business owners out there who have Business Interruption policies but have been told that COVID-19 is not covered. Don’t take that message at face value. Insurance companies are in the business of making money and while we have all needed insurance for business and personal needs at various points in our lives, many businesses need now more than ever.
We’ve been hearing from many clients that their brokers are saying pandemic coverage isn’t available. Yet this is your policy. So you, as a business owner, need to make sure that your policy is being reviewed by an experienced attorney who can advise you on the next steps. Whether you own a restaurant, retail store, lawn care service, or any business that has been forced to close because of this pandemic, take steps to see if you should file a claim.
While you are at it, our team can review other parts of your policy as well. Additionally, there may be new policies in place you will want to add to your Employee Handbook, especially as businesses ramps back up and you may be bringing back members of your team, or even hiring new employees. We can help you ensure that things are documented for your protection.