Business interruption insurance can help a business get back on its feet after a long period of interruption caused by a covered loss.  The lines of coverage offered by a business interruption policy of insurance can vary greatly from policy to policy.  It is important that insurance policy experts review any disputes, underpayments or denials of payment that an insurance might assert to try to limit your claim.

Business Interruption Insurance allows for recovery after a covered loss in many different ways.  This could include losses from interruption of utility services, from the inability of customers or vendors to reach you, or because a critical supplier or customer has suffered significant damage. Are these losses covered? It depends. Many business owners may not realize that a policy covering property damage loss, or a direct loss, will not cover a business income loss, or an indirect or consequential loss, unless the policy is specifically endorsed to provide this coverage.  The Berniard Law Firm can help you evaluate your coverage and help you with you insurance claim to ensure you get the coverage you deserve. 

The Berniard Law Firm will work closely with your accountants and we will hire our experts such as forensic accountants to present you business income claim to the insurer and court.  The experience the Berniard Law Firm gained in representing hundreds of clients against insurance companies gives our attorneys the knowledge and expertise needed to effectively represent your rights against the insurance company. adjudged.

A key point of contention in business interruption disputes involves “waiting periods” and the “extended period of indemnity.”  A waiting period means that any losses incurred during the policy period of time directly following an event will not be covered.  Insurers routinely try to extend the “waiting period” beyond a reasonable term.  The “extended period of indemnity” allows an insured to recover for damages for a period of time even after their doors are open.  Therefore, your insurance company should pay for the losses you continue to loss for that amount after the original claim because your customer base is not back and your revenues have not returned to normal.  Insurance companies typically try to limit the payments under the extended period of indemnity by trying to argue your business revenue was the same as it was before the tragedy by valuing the time periods that do not correlate to your past performance.

A few of these other types of losses that a business interruption policy could cover include:

"Contingent Business Interruption" coverage -- losses suffered from loss/damage to property that prevents a supplier from supplying goods and/or services to you, or that prevents customers from accepting goods and/or services from you.

"Services Interruption/Off Premises Power" coverage -- losses suffered from loss/damage to the property of any service provider including electrical equipment & systems, fuel, water, gas, feedstock, pulp, liquid gases, sewage, steam, telephone, fiber optic cable, telecommunications, heating, refrigeration and/or air conditioning systems, or utility plants.

"Interruption by Civil or Military Authority" coverage: losses suffered when, as a result of loss, damage, or other event, access to your property is restricted by order or action of civil or military authority.

       "Ingress/Egress" coverage -- losses suffered when, as a result of loss, damage                       other event, entry to or exit from your property is impaired.

Speak with a Berniard Law Firm Attorney today

Call toll free 1-866-574-8005 to speak with a Berniard Law Firm Attorney about your business income loss dispute.  You can also complete the contact form and a Berniard Law Firm Attorney will contact you in the next 4 hours.  All initial consultations are free and all cases are handled on a contingency fee basis.  This means there are no costs to you unless a settlement or award by the court is adjudged.  You have nothing to lose, call today and a Berniard Law Firm Attorney will begin immediately working on your case so you can get the compensation you deserve. 

Co-Counsel and Expert Consultation Services

The Berniard Law Firm is happy to take on any role necessary to help individuals and businesses in their fight against insurers.  The Berniard Law Firm has worked in a variety of roles as lead counsel, co-counsel, as well as consultation and expert services.  Our attorneys have worked with corporate counsel, corporate risk managers, public insurance adjusters, corporations, contractors, during the claims adjustment, investigation, litigation, and all phases of the claims process to help resolve coverage disputes.  Call the Berniard Law Firm today to speak with an attorney regarding our services.

We thank you for your time and look forward to working with you to ensure you get the coverage you paid for.