Many businesses have been struggling to stay afloat during the COVID-19 pandemic and Georgia’s stay-at-home order, which officially began on April 3, 2020. Although some business owners have applied for and obtained emergency loans from the federal government, many have not.
However, if you purchased a business interruption insurance policy, you could be eligible for compensation to cover financial losses and other costs related to the economic shutdown. The Savannah coronavirus business insurance claims lawyers at Roden Law are offering a free initial consultation to discuss the details of your policy and find out how we may be able to help you. We can conduct your free consultation, obtain your electronic signature and process your case without you ever having to leave home.
The dedicated lawyers at Roden Law have been committed to helping Georgia residents recover compensation for damages. There is no obligation to retain our legal services, even after your free consultation. If you have a valid case, we charge you nothing unless we recover a settlement or courtroom verdict on your behalf.
Call Roden Law at 1-844-RESULTS. Our dedicated team of legal professionals is available 24/7.
Types of Compensation That May be Available
Even though the state of Georgia started re-opening some types of businesses in late April, many potential customers may still be wary about resuming normal business activities such as shopping or going to restaurants and entertainment venues.
If you have business interruption insurance, you may be able to file a claim for compensation over the COVID-19 pandemic. Such a claim may provide compensation for various losses/expenses:
- Loss of revenue
- Lost profits
- Payroll costs
- Rent/Mortgage payments
- Lawyer/court expenses
- Utility costs (electricity, phone bill, etc.)
- Costs needed for a safe reopening
Some insurance policies may cover these expenses for up to a year. However, certain expenses may be covered for a shorter period. It is critical to review the details of your policy with a qualified attorney to learn what compensation may be available.
How Do I Know if my Business Qualifies for Financial Assistance?
We suggest consulting with a knowledgeable lawyer to review the details of your policy and determine if coverage may be available. A successful business interruption insurance claim could mean the difference between your business staying open or needing to shut down.
Most business interruption policies are meant to protect businesses from property loss or damages, like fires or natural disasters. Generally, your business must have suffered physical damage for you to have a valid claim.
However, the Georgia State Department of Insurance issued a bulletin on March 17, 2020, addressing business interruption due to the COVID-19 pandemic. It states that although most policies may specifically exclude losses from viruses and disease, policyholders could purchase Civil Authority Coverage, which covers losses from forced closure by a civil authority. In other words, you could be protected since the Governor enacted a mandatory shutdown and stay-at-home order.
The Savannah COVID-19 business insurance claims attorneys at Roden Law are prepared to review your claim in a free case evaluation to determine if your policy may provide compensation.
If your initial claim was denied, there could still be a chance for you to file an appeal and recover the compensation you may need to help revive your business.
Learn if you may qualify for compensation by calling Roden Law at 1-844-RESULTS.
Common Reasons Business Interruption Claims May be Denied
Insurance companies are most likely being flooded with business interruption claims. They could not pay them all, otherwise they would go out of business. Insurers will be looking for reasons to deny or devalue these claims, often citing fine print in the policy, such as:
- Your business owner did not file the claim on time. This could be because you are still assessing your damages, however, you can still get the filing process started. If your claim is viable, our lawyers can help you submit your claim.
- Your business did not sustain property damage. Many claims will most likely be denied for this reason. However, it could be argued the virus has caused physical damage because it is the reason for the shutdown order and people are afraid to go into stores because of the coronavirus.
- Your insurance policy does not include virus or disease protection. Many policies specifically exclude coverage for viruses and diseases – many insurers put these exclusions in place after the Severe Acute Respiratory Syndrome (SARS). However, the Georgia State Department of Insurance said Civil Authority Coverage may provide compensation.
- Your business was not included in the mandatory shutdown or stay-at-home-order. If your business is headquartered in Georgia, this may not be applicable.
If you were denied business interruption coverage for your Georgia business, contact a licensed attorney at Roden Law to discuss your legal options.
What Can I Do to Protect my Business?
When you are assessing your losses and damages, do not assume that something will not be covered. Although insurers might tell you that certain damages are not covered, it is important to list all your damages and losses to have them documented, in case your claim is accepted.
Be sure to review the details of your policy and save all related documentation concerning your damages and losses. This may include receipts, bills, tax returns, invoices, bank account statements, profit and loss statements, and more.
Be sure to file your claim immediately before it is denied for being late. You may be able to continue assessing your damages after you file your claim.
You should strongly consider hiring a knowledgeable attorney to represent you. Insurers may be less likely to make a lowball settlement offer when they know you have legal representation.
Contact a Savannah Business Interruption Attorney Today
Many businesses are sinking fast due to the coronavirus pandemic. If you have a business interruption or commercial insurance policy, you may be able to file a claim and obtain compensation to keep your business alive.
Give us a call today to schedule your no-cost, no-obligation consultation with an experienced business interruption attorney at Roden Law. If your claim is validated during your free consultation, our attorneys are prepared to pursue the maximum compensation available under the terms of your policy. We do not collect payment for anything unless we obtain compensation, and we are prepared to go to court if necessary.
There is no need for a face-to-face meeting, as we can discuss the details of your claim over the phone and obtain signatures via eSign to get the process started.