4 Things you need to understand regarding your business insurance policy
We encourage you to diligently understand the claims handling process you choose to follow, as it may make a significant difference between getting settled in months versus years. In order to determine if you have insurance coverage for COVID-19, you need to take certain actions and understand 4 truths so you can make an educated business decision in order to determine the best course of action to protect your business, your rights, and revenue.
1. Read your full policy language regarding viruses, civil authority and business interruption. Your insurance may have provisions and exclusions that could trigger coverage depending on what your policy says, doesn’t say, your circumstances and industry.
2. Know that as public adjusters, our firm has years of experience in successfully negotiating millions of dollars in business interruption insurance claims.
3. Get a complimentary review and consultation of your business insurance policy coverage as it relates to civil authority orders and viruses.
4. Ask your legal advisor if a licensed public insurance adjuster can legally represent your interest in handling your business insurance claim.