Business Interruption

No matter how secure your business seems, unexpected circumstances can derail your success in an instant. The COVID-19 pandemic has resulted in the shutdown of all non-essential businesses, many of which cannot operate remotely. Companies suddenly lost all revenue with no end date in sight, and many small business owners are unable to keep up with rent and other expenses. Permanent closure is a genuine concern. It is especially true for many businesses in Florida that rely on tourism and physical locations to operate.

One tool that can be highly critical in this time - or when any disaster strikes - is your commercial insurance coverage. Each policy is different, and each business will have different types of coverage. If you have business interruption or income loss coverage, you should not delay in filing a claim. Obtaining benefits under this type of policy is often challenging, and you must follow specific procedures. Still, many companies receive claim denials.