KS&G is currently investigating denied business interruption claims filed in response to COVID-19 losses.
Businesses across the United States have experienced monetary loses after local governments closed all non-essential companies in an effort to stop the spread of COVID-19. As such, businesses started attempting to recoup some of those loses by applying for benefits under their business interruption insurance.
Business Interruption insurance is usually utilized when a company suffers as a result of a natural disaster. Common examples of this would be a restaurant that was forced to close after a fire made the restaurant no longer safe to use.
Some business interruption policies clearly state that they do not cover losses caused by a virus. For those who do not clearly state such, there is an argument to be made that the claims should be paid. The companies argue otherwise stating that the virus is not “physical”.
If you or someone you know has been denied, please contact the firm via email at email@example.com. Our firm is still in full operation remotely, and will remain dedicated to helping consumers in need during this difficult time.