Business Interruption Claims Lawyers
A disaster such as a fire, flood, hurricane or even a car crashing into your commercial building can cause more damage than just physical damage. Loss of income during the time your property is being repaired is something that your business interruption insurance should cover. But sometimes your insurer can be reticent about paying the claim. If so, you need to contact a Business Interruption claims attorney.
- Business Interruption insurance compensates the insured for wages lost during the period of reconstruction.
- Extended Business Interruption insurance provides coverage for the period of time from when the property is repaired up to when the income returns to the level it was before the disaster. This insurance usually has a time limit.
- Contingent Business Interruption insurance provides coverage for loss of income due to physical damage to the property of the insured's suppliers and/or the loss of income from consumers.
- Extra Expense coverage compensates an insured business for those extra expenses incurred as a result of the insured attempting to minimize the financial damages and the suspension of its business and to continue its operations.
When and why do I need a business interruption claims attorney?
Your policy will typically not tell you what documents are needed to file your claim. An experienced Claims attorney will know what steps need to be taken to ensure the best settlement possible. Your insurer will usually hire accountants to examine your records and give their opinion as to what you will need to recover from your loss. Since insurance companies are in business to make money, not pay it out, this figure will many times be too low. Our attorneys will fight to make sure you receive the payout you deserve.
When an insurance provider engages in improper claims handling practices while adjusting your claim, that are contrary to generally recognized standards for handling claims in the industry and/or Florida law, the insurer is referred to as having acted in "bad faith." If you feel this applies to you, contact us today for a free case review.
We cover many areas of Florida including Sarasota in Sarasota County, Coral Gables, Hialeah, Homestead, Key Biscayne, Miami and Miami Beach in Miami-Dade County, Big Pine, Islamorada, Key Largo, Key West, and Marathon in Monroe County, Bonita Springs and Ft. Myers in Lee County and Naples in Collier County. See Service Areas for complete coverage.
Wells Law Group Frequently Asked Questions
For more Frequently Asked Questions about insurance business interruption disputes visit our main Wells Law Group website.
Other Wells Law Group Websites
We have other websites that may be more appropriate to your insurance questions - Click below for information.
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