The COVID pandemic has dealt a huge blow to small businesses.
At VanDerGinst Law, we’ve seen some of the fallback firsthand – after all, we’re a small business, too.
If you’re a small business owner who has suffered financial stress due to the COVID-19 pandemic, you may be entitled to compensation under the Business Interruption clause in your policy.
But you don’t have to deal with your insurance company alone – VanDerGinst Law can help.
To see if you qualify, simply click here.
You will be redirected to the Archetype Consulting website, our partner, where you can provide us with basic information about you and your business, as well as a copy of your insurance policy, and some information about your business finances.
Our team will determine if you have a viable case and the maximum amount you may be eligible for.
It’s a quick, simple process that only takes minutes to complete.
What is Business Interruption Insurance?
Business interruption insurance is an insurance coverage that covers accounts payable while your business isn’t operational due to forces beyond your control.
This coverage is usually bundled with your other coverages in your Business Owner’s Policy (BOP) and is meant to go into effect if your business has been affected by a major disaster.
During such a disaster where your business is unable to generate money you may still be liable to cover your mortgage or rent for your business, loan payments, taxes, and payroll.
Having these debts can be a scary thought when your doors are closed, and that’s usually what the business interruption insurance policy is meant to cover.
What isn’t written into most policies is what happens when you are forced to close your doors because of a worldwide pandemic.
Business Closure Due to Covid-19
Covid-19 has created many unprecedented situations and hardships for businesses and individuals alike.
Therefore it makes sense that many insurance companies wouldn’t have a clause about whether or not you are covered if a mayor, governor, or president forces you to stop doing business due to Covid-19.
Restaurants, bars, gyms, hotels, the travel industry, and others in the hospitality sector have been among those businesses that have been hit the hardest with business closings and strict operating rules.
Stay-at-home and shelter-in-place orders have come and gone throughout 2020, and you may have had to close your doors on multiple occasions. Other times you may have been forced to operate on a limited capacity.
Either way, your bottom line has been affected.
Let VanDerGinst Law Help You Through It
VanDerGinst Law is partnering with Andrew D. Schneider, Esq. to provide our clients with analyses of their business interruption economic loss claims, to help alleviate loses due to Covid-19 related closures.
Filing a claim can be complicated and intimidating.
Insurance companies are not in the business of losing money and don’t make it easy for you to collect on a claim.
That’s where we can help!
We can evaluate your situation for FREE to determine if you have a claim for compensation.
If so, WE will negotiate on your behalf to get you every penny to which you are entitled!
If we don’t get you compensation, you do not owe us a dime.