Was Your Business Interruption Coverage Denied?
When a business must cease operation due to fires, natural disasters or other circumstances, business interruption insurance is often the only lifeline keeping it afloat. When this coverage is denied, business owners are left with few, if any, options. Such a denial is often the last straw that causes a business to shut down or go into bankruptcy. When the denial is unfair and goes against the language in the insurance policy, the business owner has rights. An experienced insurance law attorney can protect those rights.
At The Monfiston Firm, P.A., we protect the rights of businesses engaged in insurance disputes in Miami and throughout South Florida. Our attorneys understand the tremendous hardships facing Florida businesses, from yearly natural disasters like hurricanes to cataclysmic events like the COVID-19 pandemic. Our lawyers will stand by you during this difficult time in the life of your business.
The Steep Cost Of Business Interruption
Few businesses have the luxury to shut down for even a day, let alone a week, month or longer. This is why business interruption insurance is so important. While property insurance coverage can help a business recover costs of repairs, it does nothing to recover the steep price of lost revenue.
Business interruption policies typically cover losses due to lack of revenue as well as other costs, such as the ongoing expense of paying for utilities and rent. When insurance companies deny interruption insurance claims, they may argue the event was not covered or that it was not severe enough to warrant shutting down. Our attorneys are familiar with these arguments and know how to counter them to benefit business owners. We will carefully scrutinize the details of your policy, the nature of the event and other relevant details to determine the true value of your claim. We will tenaciously fight for the full and fair compensation you deserve, whether in or out of court.
Experienced Attorneys Are Here To Help
We are committed to helping your business survive and thrive in the face of an interruption. To arrange a legal consultation with an experienced business insurance attorney in Miami, contact our law firm online or by telephone at 888-988-FIRM.